Back from Hong Kong and a very successful Fund Forum Asia conference. It was great to catch up with people and developments in the industry and enjoy that HK buzz. I had a great panel of CEOs and my rather cheeky polling questions went down well with the audience. The last question of the session was "when will Asia overtake Europe in terms of assets" and the results were pretty emphatic with the audience expecting Asian assets (probably around 15% of Europe's AUM today) to overtake Europe in less than 10 years.
So the future is definitely Asian, and if Europe needs to understand why, you only need to look at the fantastic service you get out there. The exhibition was actually taken down on a nightly basis so that the hotel could get a few weddings in at the same time. Incredible – can't imagine that happening in Europe! Everything is hundred times better. Hotel rooms come with everything you need including umbrellas, irons and ironing boards, and the service is uber-fast and excellent. It's almost as if the staff can read your mind. Sadly, it's the kind of service that hasn't existed in Europe for a very long time.
Made lots of progress for the new portal we're consulting on, IPA's funds-asia.com. As soon as it launches (next week probably), I'll send out the link.