Family offices are turning to alternative and private investments as recession fears grow

Suzanne Woolley and Ben Stupples, Bloomberg News - Oct 15, 2019

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A majority expect the global economy to enter a recession by 2020, with the highest percentage of gloomy respondents in emerging markets. About 42 per cent of family offices around the world are raising cash reserves. “There’s more caution and fear of the public equity markets among ultra-high-net-worth investors,” said Timothy O’Hara, president of Rockefeller Global Family Office. “That has more people thinking about private investments, alternative investments or cash.”

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