Skip to comments.Ultrawealthy pile into private equity
Posted on 07/28/2014 5:09:04 AM PDT by Citizen Zed
The rich are increasingly enamored with private equity investing, but their rising allocation to PE funds doesn't mean they're cutting back on stock or cash allocations, according to a new survey of ultrawealthy investors by Tiger 21, a peer-to-peer network of high net worth individuals.
The 265 members polledwith investable assets of more $25 billionincreased their private equity allocations to 22 percent of the average portfolio during the second quarter of 2014, according to Tiger 21. That matches the record in PE during the first quarter of 2013 and the most significant allocation increase since Tiger 21 began tracking member portfolios in 2007.
The report comes after a decade of strong private equity performance. PE returns averaged 13.9 percent net of fees from 2003 to 2013 and outperformed the S&P 500 with dividends by 6.5 percentage points, according to a new report from industry trade association Private Equity Growth Capital Council.
(Excerpt) Read more at mob.cnbc.com ...
> 25 billion is nothing. Obama’s Fed can get money like that this afternoon.
And make us pay for it.
Of course they are. They number of bangers you can get from your investment when bought out or go public is too juicy not to take a risk even with the POTUS we have. You can’t do one, you have to partake in many as many fail. Not investment advice BTW...
The rich are getting richer as Obama destroys the middle class. Once he succeeds in eliminating the middle class he will begin selecting those he wishes to remain wealthy. Wealthy people who fight him will be demonized
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