Survey: Family offices used tactical shifts to weather recession

01/21/2012 | AdvisorOne

American and European family offices chose to make tactical changes rather than strategic ones after the recession, a Cambridge Associates survey found. The most common changes included increasing liquidity, rebalancing portfolios, reducing risk and making more cash flow projections. About 75% of respondents said they've increased oversight of outside advisers. Meanwhile, only about 25% of family offices made strategic changes such as raising allocations to hedge funds and decreasing public equity holdings.

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