TIGER 21 beefs up private equity allocation

TIGER 21’s Q1 asset allocation report shows a continuing shift to private equity. It increased to 22%, a jump of 3 percentage points from the fourth quarter of 2012 and up 13 percentage points from a low of 9% as recently as the fourth quarter of 2010.

Read: Big names explain outlook at TIGER 21 event

Real estate decreased to 19% from 21% in the fourth quarter of 2012.

“It is not that private equity is a better alternative than public equity for all investors, says Michael Sonnenfeldt, founder and chairman of TIGER 21. “Both public and private equity have seen increasing allocations as our members slowly wade back into increased equity exposure, reflecting a cautiously optimistic view.

“Because a high percentage of our members built their wealth by building private companies, we believe the findings indicate that they are going back to what they know best and are more focused than they were before 2008 on keeping things simple.”

Also read:

Tiger 21 portfolios increase equity exposure

Portfolio strategies for 2013: VIDEO

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.