Ultra-Wealthy Investors ‘Wait and See’ in Q1: Tiger 21

High-net-worth investors in Tiger 21’s peer-to-peer learning network appeared to be sitting tight in the first quarter, leaving their asset allocations mostly unchanged, the organization reported Wednesday.

Members did decrease their quarter-over-quarter private equity allocation by one percentage point to 21%. And for the first time since 2013, they allocated to commodities, now 1% of their investment portfolios.

Members’ other first-quarter allocations:

• Real estate: 30%
• Public equities: 23%
• Cash and cash equivalents: 10%
• Fixed income: 9%
• Hedge funds: 5%
• Currencies: 0%

Tiger 21’s quarterly reports measure the aggregate asset allocation of its membership base on a trailing 12-month basis. The organization said this methodology tends to reveal substantive trends more clearly and is less affected by short-term distortions caused by growing membership.

The group comprises upward of 500 investors in North America and London who collectively manage some $51 billion in personal investable assets.

Several factors played into wealthy investors’ “wait-and-see” approach, according to the report.