Where the wealthy put their money often signals broader shifts in the global economic landscape—and in 2025, those signals are flashing change. Amid persistent inflation, elevated interest rates, and growing geopolitical uncertainty, high-net-worth and ultra-high-net-worth investors are rethinking how and where they allocate capital.

Old playbooks are being rewritten as traditional assets face mounting headwinds and new opportunities emerge in areas that promise stability, diversification, and long-term value.

So where is smart money heading now? And what does this say about the world they’re preparing for?On Wealth Tracker, Hongbin Jeong speaks to Jeremy Tan, CEO, Tiger Fund Management, to find out more.