Sovereign wealth funds are quietly building their own asset-management platforms. They are becoming the GPs they used to fund, not just the LPs behind them. What is the impact of this move?

The Iran conflict has shifted the question driving global wealth flows from tax to safety. As family offices reassess domicile risk, capital is moving from the Gulf to Singapore and beyond. This analysis examines the new decision hierarchy reshaping how mobile wealth chooses where to go next.