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Laxman Pai, Opalesque Asia: As the world moves further into financial uncertainty, 99% of family offices are showing an increased interest in alternative asset classes is a long-term trend.
Included in the list of alternative asset classes are capital financing, commercial developments, traditional alternative asset classes such as private equity, commodities and hedge funds, and digital assets, said a report from Ocorian, a global provider of services to high-net-worth individuals.
The study by Ocorian included responses from more than 130 family office professionals responsible for over $62 billion in assets under management. The global study interviewed family offices in the US, UK, Canada, China, Germany, India, Norway, Saudi Arabia, Singapore, South Africa, Sweden, Switzerland, UAE, Denmark, France, and Japan.
Around a third of respondents (32%) said that they were seeing increased exposure to alternative asset classes in the Americas, which chimes with the first-hand experience of Ocorian's Cayman team.
Funds are the dominant alternative asset class, according to the survey, with 72% of respondents seeing growth in those vehicles.
Ocorian's international study of more than 130 family office professionals responsible for around $62.425 billion assets under management found 87% are predicting an increase in the risk appetite of their clients over the year ahead. Around a third (31%) forecast a dramatic increase in family offices' risk appetite.
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