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PB clients prefer boots-on-the-ground in private investments: Donald Rice of Julius Baer

Private banking clients are seeking shorter-duration alternative investments, in many cases preferring to go with local private equity (PE) managers that have boots on the ground, according to the key gatekeeper for Julius Baer in the Asia Pacific region. “You have got lofty valuations, you have inflationary concerns, rotations, Sino-US tensions, you name it,” Donald Rice, head of funds for…

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