Family offices around the world are increasingly turning to alternative assets, according to a new global research report from Ocorian, which concludes the migration from traditional assets to alternatives is being motivated by the strong performance being posted by alternative asset classes.
Ocorian, a provider of services to high-net-worth individuals and family offices, surveyed more than 130 family offices investment managers responsible for $62.4 billion in assets under management and found almost all agree that the sector is increasingly investing in alternatives as part of a long-term trend.
Real estate and private debt appear to be the alternatives of greatest interest among family offices, with 34 percent of respondents saying their funds will boost allocations to real estate by 50 percent or more, while 33 percent will make the same increase in allocations to private debt.
Family office investment managers said the strong performance of alternatives is