A majority of family offices expect a recession next year — and they're hoarding cash to prepare
UBS released its global family office survey on Tuesday, assessing how family offices feel about the economy, are investment strategies changing, and which markets are best to put money. The average assets under management, or AUM, of the family offices surveyed was $1.3 billion. More than half said they predicted recession next year, while nearly all respondents felt the US-China trade war will have major implications for the year ahead. View Markets Insider's homepage for more stories.
UBS released its global family office survey on Tuesday, assessing how family offices feel about the economy, are investment strategies changing, and which markets are best to put money. The average assets under management, or AUM, of the family offices surveyed was $1.3 billion. More than half said they predicted recession next year, while nearly all respondents felt the US-China trade war will have major implications for the year ahead. View Markets Insider's homepage for more stories.
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