Based on the performance during the first half of the year, family offices are optimistic about 2024 investment returns, according to report by Campden Wealth.
Assuming no material setback to financial markets during the second half, the report expects, on average, a return of 9.8 percent during the full year.
The firm’s survey asked family offices to indicate expected investment returns (capital appreciation and income) for the full year, based on their year-to-date experience. More than 40 percent of family offices are expecting a return in excess of 10 percent, with few anticipating a negative outcome, the obvious caveat being no material setback to financial markets during the second half of the year.
To read the full report, click here.