World's richest choose private equity over markets
STORY: Source: UBS
The world’s wealthiest families put more money into private equity than traditional assets in 2021
Private equity posted stellar returns in 2021 with a stimulus-related record surge in deal-making
Meanwhile fixed income investments struggled, amid near zero interest rates and sky-high valuations
Swiss bank UBS surveyed 221 family offices overseeing $493 bln in assets for its report
It found direct allocations rose to 13% from 10% the year before
While indirect allocations were 8% versus 7% the previous year
Fixed income investments declined by 2%, the report says
Even real estate, a traditional favorite, slipped to 12% from 13%
UBS' wealth management arm manages more than $3 trillion in assets
It's famously stated it banks more than half of the world’s billionaires
