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B. G., Opalesque Geneva: Swiss bank UBS's latest Global Family Office report, based on an extensive survey of 230 clients globally at the end of September, showed that family offices have increased their allocations in hedge funds in 2022, as investors seek more diversifiers.
That year, "hedge funds, in general, were able to protect investors' capital in a pretty nice way and depending on the strategy even being in positive territory," said Rene Steiner, Head of Hedge Fund Solutions Investment Specialists during a podcast. According to the report, the allocation to hedge funds for family offices globally went up from 4% in 2021 to about 7% in 2022. Many offices said that they would keep the location stable at about 6% in 2023.
In terms of strategy distribution, the report states that global macro, multi-strategy and long/short equity are the top strategies that family offices are planning to invest in during 2023.
"That is roughly in line with our CIO's preferred strategies for the year," said Daniel Insunza, Head Hedge Fund Specialists at UBS. "By far the most popular strategies that we see are the multi-strategy; typically firms where managers allocate capital across different teams and different strategies. The advantage of th...................... To view our full article Click here
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