Bringing you live news and features since 2006 

Ultra rich embracing hedge funds, says Spectrem

RELATED TOPICS​

Despite the challenges faced by hedge funds in recent years, 50 per cent of households with a net worth of USD25m or more, not including primary residence, own hedge funds in 2010.



This is according to "The USD25m Plus Investor," a new report released by Spectrem Group.

This represents a 43 per cent increase in hedge fund ownership from 2007, when just 35 per cent of the wealthiest households invested in this alternative asset class. The mean hedge fund holding for this group is USD4.6m in 2010.

"While hedge funds have gotten something of a black eye in recent years, the nation’s wealthiest investors have not been scared off. In fact, substantially more of them invest in hedge funds today than back in 2007, prior to the depths of the financial crisis. With their exposure to private equity and venture capital also exceeding 2007 levels, it appears the richest Americans are not afraid to accept a little risk to help expand their portfolios," says George H. Walper, Jr., president of Spectrem Group.

More than half of households worth USD25m or more own private equity (56 per cent) and venture capital (52 per cent) in 2010 – up from 39 per cent and 37 per cent, respectively, in 2007.

Other alternatives this group holds in 2010 include private placements (49 per cent), precious metals (44 per cent) and commodities (38 per cent).

Latest News

Amundi’s ETF Market Flows Analysis for May finds that global ETF inflows were EUR105.1 billion with US-domiciled equity funds accounting..
MerQube has announced the appointment of Dave Mueller as Chief Financial Officer. Mueller brings 17 years experience operating in corporate..
Northern Trust Asset Management (NTAM), has announced that David Abner is joining as Head of Global ETFs and Funds...
Nvidia’s market cap surge to more than USD3 trillion making it the second most valuable company in the world almost..

Related Articles

CN Tower, Toronto
The winners were announced in the second ETF Express Canadian awards at the event held at The Quay in Toronto,...
Darren Johnson, Komainu
Custody specialist, Komainu, was launched in 2018 as a joint venture between Nomura, digital-asset investment manager, CoinShares and blockchain business,...
Stuart Chaussee
In January this year, global data and business intelligence platform, Statista reported that there are now more than 8000 ETFs...
Ethereum coin
Last week saw Australia launch spot bitcoin ETFs, with Matteo Greco, Research Analyst at Fineqia International, writing that Monochrome Asset...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by