Institutional and high-net-worth investors are bullish on alternative investments, a survey released Tuesday by Altegris Advisors showed.
Sixty-six percent of respondents said they planned to raise their allocation to alternatives in the second half of this year.
Managed futures and global macro strategies, favored by 32% of investors, and private equity, named by 28%, were the top asset classes for increased allocations.
A closer look at responses showed that 45% of RIAs and 31% of private investors favored managed futures and global macro, while 36% of institutions put private equity first.
Fifty-nine percent of respondents said alternative allocations should represent 10% to 25% of a diversified portfolio, while 15% said the number should be between 25% and 50%.
Only 23% thought the allocation should be less than 10%.
Altegris conducted the survey at the 2015 Strategic Investment Conference, which it hosted with Mauldin Economics April 29 to May 2. It was attended by 649 private and institutional investors, RIAs, hedge fund managers, bank or wirehouse advisors and independent broker-dealers, 124 of whom participated in the survey.