Digital Wealth Platform Endowus with $1.5 Billion AUM Buys Majority Stake in Hong Kong MFO Carret Private with $2.5 Billion AUM, Combined Group AUM of $4 Billion
Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Caproasia - Learn more
2024 / 2025 Summits in Hong Kong & Singapore
Institutional Investor Summit / Roundtable - March / Oct / Nov
Investment / Alternatives Summit - March / Oct / Nov
Investment Day - March / July / Sept
Private Wealth Summit - April / Oct / Nov
Family Office Summit - April / Oct / Nov
View Events | Register
This site is for accredited investors, professional investors, investment managers and financial professionals only.
You should have assets around $3 million to $300 million or managing $20 million to $30 billion.
Digital Wealth Platform Endowus with $1.5 Billion AUM Buys Majority Stake in Hong Kong MFO Carret Private with $2.5 Billion AUM, Combined Group AUM of $4 Billion
17th October 2022 | Hong Kong
Digital wealth platformEndowus ($1.5 billion AUM) has bought a majority stake in Hong Kong multi-family office Carret Private ($2.5 billion AUM), with combined group AUM of over $4 billion.The new Endowus Group, through Carret Private’s minority shareholding, will also have a strategic partnership with Singapore-based Lumen Capital Investors, a multi-family office founded by Wilfried Kofmehl who was the former CEO of Bank Julius Baer Singapore. In 2019, Carret Private & Lumen Capital Investors had announced a merger to become Asia’s leading multi-family office.Carret Private was founded in Hong Kong in 2016 by Carret Asset Management. (Carret Asset Management was founded in 1963 by Philip L. Carret, an investment legend who pioneered the concept of “value investing.”He founded Carret Asset Management to create a family office providing investment services for institutional clients and high net worth families.). Samuel Rhee is the Chairman & Chief Investment Officer of Endowus, has more than 28 years of experience in the wealth management industry, and was previously the CEO & Chief Investment Officer for Morgan Stanley Investment Management in Asia.Kenneth Ho is the Managing Partner of Carret Private, and was an integral member of Julius Baer’s core regional executive management team in establishing its Asian franchise in 2006.
“ Digital Wealth Platform Endowus with $1.5 Billion AUM Buys Majority Stake in Hong Kong MFO Carret Private with $2.5 Billion AUM, Combined Group AUM of $4 Billion “
The 2024 Investment Day
4th Sept Hong Kong | 11th / 18th Sept Singapore
Private Equity, Hedge Funds, Boutique Funds, Private Markets & more. Join 20+ CIOs & Senior investment team, with > 60% single family offices with $300 million AUM. Taking place on 4th Sept 2024 in Hong Kong, 11th Sept 2024 in Singapore. Every March, July & Sept.
Visit | Register here
2024/2025 Institutional Investor Summit / Roundtable
March / Oct / Nov in Hong Kong & Singapore
Join CEOs, CIOs, Senior investment team from Sovereign Wealth Funds, Pension Funds, Endowments, Foundations & Charities in Hong Kong, Singapore & Asia-Pacific at the 2024 Institutional Investor Summit / Roundtable. Join as delegate, speaker, presenter, partner & sponsor.
Visit | Register here
2024/2025 Investment / Alternatives Summit
March / Oct / Nov in Hong Kong & Singapore
Join leading asset managers, hedge funds, boutique funds, private equity, venture capital & real estate firms in Hong Kong, Singapore & Asia-Pacific at the Investment / Alternatives Summit. Join as delegate, speaker, presenter, partner & sponsor.
Visit | Register here
2024/2025 Private Wealth Summit
April / Oct / Nov in Hong Kong & Singapore
Join CEOs, CIOs, Head of Private Banking, Head of Family Offices & Product Heads at The Private Wealth Summit. Join as delegate, speaker, presenter, partner & sponsor.
Visit | Register here
The 2024 Family Office Summit16th Oct Hong Kong | 23rd Oct Singapore
Join 80 single family offices & family office professionals in Hong Kong & Singapore
Links: 2024 Family Office Summit | Register here
Samuel Rhee, Chairman & Chief Investment Officer of Endowus:
Hong Kong, leading financial centre in Asia
“We are excited to announce the coming together of Endowus and Carret Private, two companies wholly focused on serving our clients as trusted independent wealth advisors. Endowus brings strength in technology and innovative WealthTech solutions that complement the deep trusted relationships Carret Private has built with its broad client base in Asia. Endowus is doubling down on the wealth business. The combination of Endowus, Carret Private and the partnership with Lumen will allow us to scale and grow faster, and lead the industry towards greater transparency and integrity in providing the highest quality wealth advisory services as fiduciaries and the lowest cost access to solutions that help our clients achieve better outcomes.”
Philip Carret
Philip Carret began his investment career in 1924 and founded the “Pioneer Fund” – one of the first mutual funds in America. Carret’s disciplined and effective approach to investing was applauded by noted value investor Warren Buffet who said Carret had established “the best long-term investment record of anyone in America.Carret Asset Management was founded in 1963 by Philip L. Carret, an investment legend who pioneered the concept of “value investing.”He founded Carret Asset Management to create a family office providing investment services for institutional clients and high net worth families.
Carret Private
Carret Private Capital is a Hong Kong based independent asset manager that focuses on holistic solutions for ultra-high-net-worth families. It is licensed Type 1, 4, and 9 with the Hong Kong Securities and Futures Commission.
Lumen Capital Investors
Lumen Capital Investors Pte. Ltd (LCI) is an independent Multi Family Office and Asset Manager established in Singapore since 2010.They base themselves in Singapore, the fast growing financial center in the center of Asia. LCI operates an open architecture model with a wide range of Private Banking Partners and a team of over 25 dedicated professionals. They are licensed by the Monetary Authority of Singapore.
Managing $20 million to $3 billion. Investing $3 million to $300 million.
For Investment Managers, Hedge Funds, Boutique Funds, Private Equity, Venture Capital, Professional Investors, Family Offices, Private Bankers & Advisors, sign up today. Subscribe to Caproasia and receive the latest news, data, insights & reports, events & programs daily at 2 pm.
Join Events & Find Services
Join Investments, Private Wealth, Family Office events in Hong Kong, Singapore, Asia-wide. Find hard-to-find $3 million to $300 million financial & investment services at The Financial Centre | TFC. Find financial, investment, private wealth, family office, real estate, luxury investments, citizenship, law firms & more. List hard-to-find financial & private wealth services.
Have a product launch? Promote a product or service? List your service at The Financial Centre | TFC. Join interviews & editorial and be featured on Caproasia.com or join Investments, Private Wealth, Family Office events. Contact us at [email protected] or [email protected]Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets?