Generative AI is expected to become the top investment theme for family offices in the next two to three years, with health tech and automation also gaining interest. Experts at a forum emphasised the need for AI infrastructure investments, like cloud-based systems. A UBS survey revealed that Asia Pacific (APAC) family offices plan to increase their allocation to alternative assets, such as private equity, private debt, and hedge funds, over the next five years for portfolio diversification. Jin Yee Young, Co-Head UBS Global Wealth Management APAC, noted the rising interest in endowment-style investing. UBS has created Endowment Style Portfolios (ESPs) with a higher allocation to alternatives (20-40%), enabling UHNW clients to benefit from endowment investment principles.