World’s Wealthiest Families Stockpiling Cash Amid Recession Fears
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
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