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How Asian private bank clients could triple their allocations to alternatives

Private bank clients across Asia could triple their allocations to alternative asset classes including private credit and private equity in the coming years as they hunt for higher returns, according to the newly-appointed Asia head of Ares Wealth Management Solutions, the wealth business of Ares Management Corporation (Ares). Henry Lee, who joined the US-listed alternatives manager from HSBC Global Private Banking in June,…

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