Some of the world’s richest families are less exposed to private equity as they lean more heavily on public markets, with surging prices underscoring stocks’ value as a consistent wealth engine.
Single-family offices allocated 31%, on average, of their investment portfolio to public equities according to a
The increase is partly due to soaring values, with the S&P 500 Index up almost 50% over the past two years. But it also reflects wealthy investors’ faith in ...