Family offices have ramped up their bets on stocks while dialing back their private equity bets, according to a new survey by Goldman Sachs.
Investment firms of ultra-wealthy families reported an average allocation of 31% to public equities, up 3 percentage points from the bank’s last poll in 2023. Over the same two-year period, their allocation to private equity dropped from 26% to 21%, the largest change for all surveyed asset classes. READ MORE