Family Office for $12 Billion Carton Fortune Exits Hong Kong

One of London’s biggest family offices is pulling out of Hong Kong, joining a wave of longstanding investment firms for the ultra-wealthy altering their global footprints amid rising operating costs.

Alta Advisers, which manages money for the UK-based branch of the Rausing family behind Tetra Pak food cartons, ceased investment operations in the territory last year and is now in the process of removing itself from Hong Kong’s business registry, according to regulatory filings. The Fitzrovia-based family office still has an Asia entity in Singapore that it set up more than a decade ago, the filings show.