World's Richest Families Stockpiling Cash

The UBS and Campden Research Survey reveals that 42% of global family offices are increasing cash reserves due to a pessimistic market outlook. Family offices are concerned about the lack of returns across asset classes, including equities and bonds, and are moving towards cash and deleveraging. Despite their preference for alternative investments like private equity, they face challenges in accessing top-tier funds. This cautious approach by family offices, which manage significant wealth, could impact the broader market.

What is the overall sentiment of family offices regarding the current investment climate?

What challenges are family offices facing in allocating funds to private equity?