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Family offices holding back on investments amid volatility but some are on the hunt for bargains
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Uncertainty over the future currently presents “huge challenges” for investors, noted former Singapore foreign minister George Yeo.
ST PHOTO: SHINTARO TAY
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SINGAPORE - A number of family offices are keeping their cash as they hold back on investments amid expectations that financial markets will remain volatile, say industry players.
This comes amid concerns that a prolonged period of high interest rates in the United States will eventually tip the economy into a recession.
