In 2022, the global economic and geopolitical landscape changed significantly. This led to a shift in the market regime, with higher inflation, rising interest rates, and geopolitical tension. In response to these risks and complexities, family offices are re-evaluating their exposure across every asset class.
While family offices are fundamentally long-term investors, respondents to a survey by BlackRock and Illuminas reflected a desire to refine their approach in today’s changing economic and geopolitical landscape. While family offices recognize the importance of being nimble in today’s evolving environment, survey results revealed there’s no one-size-fits-all solution.
Some family offices are weighing rebalancing their portfolios away from illiquid assets to capture opportunities in the public markets. For example, 70 percent of respondents reported increasing allocations to investment grade public debt. Others are taking a view that long-term returns have mo
