Family offices branch out into private equity, infrastructure and alternative investments

Some financial analysts and wealth managers in recent years have suggested that the second- and third-generation leaders of family offices in Asia are moving away from the basic principles that helped to create and accumulate their existing assets, but that is not strictly accurate.

Rather, just as the founding generation did, these investors look to assess available opportunities and adapt to circumstances as they build or adjust their portfolios to find the preferred balance between risk and...