Wealthy private families are increasing their international investing, the Institute for Private Investors (IPI) reported Wednesday, citing responses to an annual survey of its ultra high-net-worth members. These families also said they were “concerned about inflation,” with nearly one-quarter managing currencies or hedging currency risk.
IPI’s chief executive Charlotte Beyer said the findings were especially noteworthy because ultra-affluent investors often lead the market with their allocation and investment strategies. In the early 1990s, for example, IPI members led the move into hedge funds, she said.
Alternative investments made up slightly less than half of investor portfolios in 2010, the survey found, while investors pulled out of municipals.
IPI’s Family Performance Tracking survey, now in its 12th year, highlights the expectations, returns and asset allocations of its member families. IPI, which provides educational and networking resources to its national membership of 1,100 ultra high-net-worth investors, is an independent subsidiaryof Campden Media.
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