Private Equity: U.K. Private Banks Are Looking at Riskier Assets, FT Reports

Private Equity: U.K. Private Banks Are Looking at Riskier Assets, FT Reports

Private Equity: Britain’s private banks have 17 percent of clients’ cash in hedge funds, private equity, commodities and real estate, up from 7 percent at the end of 2009, the Financial Times reported, citing a study by Scorpio Partnership, a firm of wealth-management consultants.

This indicates that wealth managers are overcoming the aversion to so-called alternative assets that resulted from the financial crisis and are ready to contemplate more risk, the newspaper said. Read More