Sun, Aug 30, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Ultra rich embracing hedge funds and other alternative investments, 35% more in hedge funds now (compared to 2007)

Tuesday, November 09, 2010
Opalesque Industry Update - For the richest Americans, hedge funds are back.

Despite the challenges faced by hedge funds in recent years, a full 50% of households with a net worth of $25 million or more, not including primary residence (NIPR), own hedge funds in 2010, according to "The $25 Million Plus Investor," a new report released today by Spectrem Group (www.spectrem.com).

This represents a 43% increase in hedge-fund ownership from 2007, when just 35% of the wealthiest households invested in this alternative asset class. The mean hedge fund holding for this group is $4.6 million in 2010. "While hedge funds have gotten something of a black eye in recent years, the nation's wealthiest investors have not been scared off. In fact, substantially more of them invest in hedge funds today than back in 2007, prior to the depths of the financial crisis. With their exposure to private equity and venture capital also exceeding 2007 levels, it appears the richest Americans are not afraid to accept a little risk to help expand their portfolios," said George H. Walper, Jr., president of Spectrem Group.

More than half of households worth $25 million or more own private equity (56%) and venture capital (52%) in 2010 -- up from 39% and 37%, respectively, in 2007. Other alternatives this group holds in 2010 include private placements (49%), precious metals (44%) and commodities (38%).

Spectrem's report, "The $25 Million Plus Investor," is based on a survey of the financial-decision makers in 101 households with a net worth of $25 million or more conducted by mail and online in August 2010. The data have a margin of error of plus or minus 9.7 percentage points.

(press release)

Source

For full report contact: Source

kb

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Commodities - Commodity hedge funds lose most in three years as rout deepens, Funds bet on Shell deal as oil prices plunge[more]

    Commodity hedge funds lose most in three years as rout deepens From Bloomberg.com: Hedge funds betting on commodities lost the most in almost three years in July as the price-rout deepened. Funds lost money for a third month, according to the Newedge Commodity Trading Index, which was re

  2. Investing - Hedge funds suddenly find real money is back in Argentina's debt, Elon Musk buys more SolarCity stock following hedge fund manager short, BlackRock plans to get into rental-home financing[more]

    Hedge funds suddenly find real money is back in Argentina's debt From Bloomberg.com: The real money is back in Argentina. Before the country’s default in July 2014 (its second in 13 years), most long-term investors abandoned its bond market. As they rushed out, Argentina became a favorit

  3. Activist News - Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping, Meet Europe's best activist investor[more]

    Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping From Businessinsider.com: Carl Icahn has picked his next target: Freeport-McMoRan. Icahn and a group of other investors have snapped up an 8.46% stake in mining company Freeport-McMoRan, according to a j

  4. North America - Hedge fund manager Ray Dalio’s challenge to the Fed[more]

    From Newyorker.com: For some reason, Janet Yellen, the chair of the Federal Reserve, decided to skip this year’s annual Fed conference in Jackson Hole, where monetary policymakers from the United States and abroad get together with some prominent academics to discuss the big issues of the moment. Th

  5. JTC acquires Kleinwort Benson’s fund administration business[more]

    Bailey McCann, Opalesque New York: JTC has completed the acquisition of Kleinwort Benson’s fund administration business, boosting assets under administration (AuA) to $56 billion. Kleinwort Benson is based in the Channel Islands, South Africa. The transaction, which relates to the whole of K

 

banner