Alternative investments now account for 60 % of single‑family office portfolios, surpassing traditional assets for the first time, BNY Wealth said in a recent analysis.
The finding, released by the New York‑based wealth‑management firm, highlights a growing shift among the world’s super‑rich. Single‑family offices—private wealth‑management entities set up by affluent families—are increasingly allocating a larger share of their capital to non‑traditional assets.
Alternative investments typically include private equity, real‑estate, hedge funds, and other illiquid assets that are not part of the conventional equity or bond markets. The 60‑percent figure indicates that these assets now outnumber stocks, bonds and cash in the portfolios of high‑net‑worth families.
BNY Wealth’s report marks the first time that alternative holdings have overtaken traditional ones in this sector, signalling a broader trend toward diversification and risk‑management strategies that seek higher returns outside the public markets.
While the study does not detail the specific types of alternative assets favored, the shift underscores the increasing appetite for complex, high‑yield investment vehicles among the wealthiest households.
<small>Source: CNBC — read the original story there.</small>