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OUTLOOK

Portfolio construction and management

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KEY TAKEAWAYS

 

Ongoing commitment to private equity, real estate and hedge funds

Average allocations to public and private equity the same at 22%

Cash allocations remain high at 12%

Home bias and concentrated positions are prevalent globally

 

 

Alternative asset classes – private equity and credit, real estate and hedge funds – made up almost half (46%) of respondents’ total portfolios.

Private equity allocations were identically sized as those to public equity at 22%, with private equity funds (12%) slightly exceeding direct private equity (10%).

Concentrated positions are a common source of family office wealth, often in a single company founded by the family that has grown significantly. Two-thirds of respondents globally indicated that they held concentrated positions in public or private companies.

Like concentrated positions, home bias – skewing holdings to one’s own region of the world – can represent a threat to existing wealth. However, we identified this phenomenon among the holdings of family offices from every region.

 

Citi Private Bank is dedicated to helping exceptional individuals and their families protect and grow their wealth. Our clients include some of the world’s leading entrepreneurs, executives, investors and their family offices. We provide customized private banking that crosses borders, including some sophisticated services usually reserved for major global institutions.

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