Alternative investments now make up more than 40 percent of the average family office portfolio, according to UBS’s Global Family Office Report for 2019 – a marginal 1.4 percentage point increase on last year.
This comprised private equity direct deals (11 percent), private equity funds (7.7 percent), direct real estate (17 percent), REITs (1 percent), hedge funds (4.5 percent) and forestry/farmland (1.4 percent).
Real estate gained the greatest traction this year, with allocations rising 2.1 percentage points. For the fifth year in a row, allocations to hedge funds dropped, this last year falling 0.7 percentage poi...