Hong Kong’s Li Ka-Shing — the investing maverick so praised for his Midas touch — is the latest tycoon to make public his plans to set up a family office in Singapore this year. He joins high-profile names such as Ray Dalio and Sergey Brin in planting fresh roots here. Singapore has emerged as a key beacon attracting the ultra high net worth hunting down deals scattered throughout Asia. As at end-2020, there are an estimated 400 single family offices (SFOs) operating in Singapore, which doubled from just a year before. The Monetary Authority of Singapore (MAS) says having these SFOs set up here is a testament to Singapore’s stability, competitive business environment, the availability of talent, as well as the breadth and depth of investment opportunities out of this international financial centre. But just what is a family office? And why should you consider setting up one here?...