Financial advisers to the world's richest people report some of their top clients have continued to make money throughout recent market turmoil by harnessing sophisticated investments out of reach to mainstream punters.
With equity markets plunging, most investors have suffered losses to their pension funds and portfolios, but those able to meet the multi-million dollar investment thresholds of private equity and some hedge funds are coming out ahead.
"You've got so many investment opportunities that are open only to very rich people," said one London-based financial adviser specialising in ultra rich investors.
"The super rich are doing very well. They're getting good advice, they're getting access to stuff that other people don't have access to," he said. More...
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With equity markets plunging, most investors have suffered losses to their pension funds and portfolios, but those able to meet the multi-million dollar investment thresholds of private equity and some hedge funds are coming out ahead.
"You've got so many investment opportunities that are open only to very rich people," said one London-based financial adviser specialising in ultra rich investors.
"The super rich are doing very well. They're getting good advice, they're getting access to stuff that other people don't have access to," he said. More...
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