According to the latest quarterly report from Tiger 21, a networking club of wealthy investors, the ultrawealthy are shifting assets more towards public and private equity than in previous quarters.
– Private equity allocation rose six percentage points from the fourth quarter of 2011 to 19%, and was up 10 points from a low of 9% in fourth quarter 2010.
– Public equity allocation was up three percentage points to 24% from fourth quarter 2011.
– Fixed income allocation eked out a one-point increase to 14% in the fourth quarter, remaining basically flat after having fallen seven percentage points in the second quarter of 2012.
– Real estate allocation fell by three points from fourth quarter 2011 to 21%.
– Hedge fund allocation was at 7%, down two points from fourth quarter 2011.The research is from TIGER 21 whose members collectively manage approximately USD 19 billion in investable assets. Members are entrepreneurs, CEOs, inventors and top executives with backgrounds in financial services, real estate, industrial and consumer goods, legal services, entertainment and medicine.