Stocks Still Popular Among Elite Tiger 21 Members, But Private Equity Gaining

Equity investments remained the allocation of choice for North America’s wealthy elite, but private equity and real estate gained ground in 2013, a survey of Tiger 21 members found. Tiger 21 found public equities the favorite investment Tiger 21’s typically private membership found public equities the favorite investment of the year for 35 percent of their 290 members. This small group collectively manages near $30 billion in investible assets. While it was still the favorite by a long shot, equities were down 6 percentage points from last year’s tally, while 19 percent of members chose private equity as their favorite…