World's wealthy saved by private equity in tough 2015: Reuters
The world's wealthiest families saw investment returns judder to a near halt in 2015, lagging expectations for a third straight year despite gains in private equity and real estate, Reuters reported, citing a new report. The average "family office" portfolio returned just 0.3 percent in 2015, the UBS/Campden Wealth Global Family Office Report 2016 showed, down sharply from 6.1 percent in 2014 and 8.5 percent in 2013. "Private equity and real estate once again outperformed most other asset classes, and will have saved many family office executives the indignity of delivering overall portfolio losses to the beneficial owners in the last year," the report said.
8 September 2016•2 mins read
