World’s Wealthiest Families Stockpiling Cash Amid Recession Fears

 In Investing Tools & Technology

The World’s Wealthiest Families Are Stockpiling Cash as Recession Fears Grow.

“Private equity was the star asset class, with an average return of 16% for direct investments and 11% for funds-based investing.

Real estate also performed well, returning an average 9.4%, and now makes up 17% of the average family-office portfolio, up 2.1 percentage points from last year’s survey.

In the year ahead, 46% of families said they plan to put more money in direct private equity investments, with 42% devoting more to private equity funds and 34% funneling more into real estate, according to the survey.”

  • Majority surveyed by UBS expect a global recession by 2020
  •  About 42% of family offices say they’re raising cash reserves

Click here to read the full article on Bloomberg


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