From the WSJ.
According to Cap Gemini and Merrill Lynch’s World Wealth Report, issued Wednesday, the rich cut their exposure dramatically to “alternative investments” — a class that includes hedge funds, private equity, structured products, venture capital and currencies.
In 2005, the world’s financial millionaires (those with investible assets of $1 million or more, not including primary residence) had 20% of their investments in alternatives. In 2006, they cut that exposure in half — to 10%.
Posted: June 28th, 2007 under General, hedge funds.
Comments: none
Our monthly reports tell you what countries and currencies offer the best deals. Travel and buy smart!