Ultrawealthy investors have been reallocating their portfolios over the past year, increasing the size of their private and public equity positions, according to Tiger 21's latest asset allocation report.
The fourth quarter report of the the 200-strong peer group with combined investable assets of more than $19 billion represented investment exposure as of the end of the fourth quarter.
Tiger 21 said in a statement that data measuring aggregate asset allocation exposures were collected during members' annual Portfolio Defense presentations.
The report's key findings included the following:
"The increase in private equity is an historic shift and indicates that our members believe the way to create wealth over the long term is in the investment in equities, in particular through private equity," Tiger 21's founder and chairman, Michael Sonnenfeldt, said in a statement.
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
