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Wealthy Investors Ploughing More Assets Into Alternative Investments

by Carla Johnson, Investors Offshore.com

08 December 2005


Some of the biggest clients of investment firm US Trust are putting as much as half of their assets into alternative investments such as hedge funds, private equity and venture capital, Reuters has reported.

According to US Trust's chief investment officer, Leo Grohowski, typical high net worth clients of the company are currently putting about 10 to 15 percent of their money into alternative investments, but Grohowski said he envisages that proportion will soon increase to about 20 to 30 percent.

Currently, ultra high net worth investors are allocating about 30 to 50 percent of their assets to alternative investments, says US Trust subsidiary CTC Consulting.

Mr Grohowski warned that investors will only achieve the sorts of returns that they are looking for from alternative investments with proper due diligence. He cautioned against using hedge funds run by former 'long only' managers who were required to operate under tight constraints.

US Trust advocates a fund of funds approach to alternative investing, with money allocated to six to eight managers who are constantly monitored.

A comprehensive report in our Intelligence Report series examining offshore investment, offshore stock exchanges, and hedge funds is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report9.asp

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