By Tatiana Bautzer
More than half of the 268 family offices polled, accounting for a combined net worth of $565 billion, increased their allocations in fixed income, while 38% boosted their private equity holdings. By contrast, 38% reduced their allocation in stocks.Investors sought out private equity investments in the first half while the market for initial public offerings stayed sluggish. But the private equity investments are more conservative now than in previous years.
The biggest worries among respondents were inflation, rising interest rates and uncertainty stemming from U.S.-China tensions.
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