Riding high


ALLOCATIONS


Family offices registered their best investment performance in five years and the majority intend to maintain or further increase their deal flow. Yet as experts warn that the bubble may burst, are families prepared for what comes next?


R ISSUE 75 SUPPLEMENT | 2019


ecord returns, a trend towards high risk, more illiquid investments in pursuit of yield, and an increased appetite for co-investments


all shaped the family office landscape


last year. So, how have family offices structured their portfolios for such high returns? In 2017, investment performance


converted into capital gains, with almost half (48%) of family offices reporting their assets under management have increased


over the 12 months surveyed. The accelerating performance has been


largely driven by family offices’ continued preference for equities, says Sara Ferrari, head of UBS Global Family Office Group, with equities now making up 28% of the average family office portfolio. Those who invested in developing-


market equities saw an average return of 38%, while those who invested in developed-market equities had an average return of 22%. “Continued growth in private wealth


globally, especially from the Asia-Pacific region, is driving a switch towards growth over preservation,” Ferrari says.


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