Black Enterprise- Europe’s wealthiest families are planning to shift their investments further away from traditional assets into alternatives such as hedge funds and commodities, according to a new report. <\/p>\n
The survey of European single family offices conducted by wealth management specialist Campden Media and investment bank Merrill Lynch found that alternatives would make up more than half of a typical family office portfolio in three years. The survey looked at 30 of them in 10 European countries, around 39% of whom managed more than 1 billion euro ($1.52 billion) in assets. <\/p>\n
It showed a typical portfolio holding 55% of its assets in hedge funds, commodities, property, private equity and other alternatives in three years, compared with 48% now. Traditional investments such as stocks, bonds and cash would fall to 45% from their current level of 52%. <\/p>\n