{"id":3294,"date":"2025-05-22T01:35:33","date_gmt":"2025-05-22T01:35:33","guid":{"rendered":"https:\/\/tat.capital\/?p=3294"},"modified":"2025-07-15T02:06:46","modified_gmt":"2025-07-15T02:06:46","slug":"ubs-global-family-office-report-2018","status":"publish","type":"post","link":"https:\/\/tat.capital\/?p=3294","title":{"rendered":"UBS Global Family Office Report 2018"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"3294\" class=\"elementor elementor-3294\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d4cf936 e-flex e-con-boxed e-con e-parent\" data-id=\"d4cf936\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4a3c473 elementor-widget elementor-widget-heading\" data-id=\"4a3c473\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">UBS Global Family Office Report 2018<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ff1a68e hfe-post-info-layout-inline elementor-widget elementor-widget-post-info-widget\" data-id=\"ff1a68e\" data-element_type=\"widget\" data-widget_type=\"post-info-widget.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"hfe-post-info-inline hfe-post-info-items hfe-post-info\">\n\t\t\t\t\t<li class=\"hfe-post-info-item elementor-repeater-item-4ba30f0 hfe-post-info-inline-item\" itemprop=\"datePublished\"> \n\t\t\t\t\t\t\t<a href=\"https:\/\/tat.capital\/?m=20250522\">\n\t\t\t\n\t\t\t\t\t<span class=\"hfe-post-info-text hfe-post-info__item hfe-post-info__item--type-date\">\n\t\t\t\n\t\t\t\t\t\t\tMay 22, 2025\t\t\t\t\t<\/span>\n\t\t\n\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/li>\n\t\t\t\t<li class=\"hfe-post-info-item elementor-repeater-item-37abb46 hfe-post-info-inline-item\"> \n\t\t\t\n\t\t\t\t\t<span class=\"hfe-post-info-text hfe-post-info__item hfe-post-info__item--type-time\">\n\t\t\t\n\t\t\t\t\t\t\t1:35 am\t\t\t\t\t<\/span>\n\t\t\n\t\t\t\t\t<\/li>\n\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-12f750a elementor-widget elementor-widget-text-editor\" data-id=\"12f750a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"margin-bottom: 15px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400;\">The Global Family Office Report (by UBS\/ Campden Research)\u00a0series remains the most extensive study of its kind for beneficial owners, family office professionals and service providers,\u00a0and is well worth a review. The Executive Summary includes the following conclusions:<\/p><p style=\"margin-bottom: 15px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400;\">1. PERFORMANCE &#8211; A record breaking year :\u00a0Family office investment performance experienced average portfolio returns of 15% in 2017 (up from 7% in 2016 and &lt;1% in 2015) (page 41).<\/p><p style=\"margin-bottom: 15px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400;\"><span style=\"margin: 0px; padding: 0px;\">2. SUSTAINABLE INVESTING &#8211; Managing wealth with purpose : 40% of family offices are involved in sustainable investing, with the most common areas being clean energy, water, gender equality and healthcare. Nearly half plan to increase their sustainable investments over the next 12 months (page 36).<\/span><\/p><p style=\"margin-bottom: 15px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400;\"><span style=\"margin: 0px; padding: 0px;\">3. IMPACT INVESTING &#8211; Heating up : A third of family offices are now engaged in impact investing \u2013 a rise of 4% over the year \u2013 with the most common vehicle for investing being via Private Equity (page 37).<\/span><\/p><p style=\"margin-bottom: 15px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400;\"><span style=\"margin: 0px; padding: 0px;\">4. SUCCESSION &#8211; Next Generation begins to come on board : Nearly a third of respondents report that the next generation already hold management or executive positions in the family office, while a quarter reported that they sit on the board (page 66).<\/span><\/p><p style=\"margin-bottom: 15px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400;\"><span style=\"margin: 0px; padding: 0px;\">5. ASSET ALLOCATION &#8211; Unique profiles across regions : The average global family office portfolio includes: Cash 7%; Fixed Income 16%; Equities 28%; Direct Real Estate 17%; Direct business investments 14%; and Alternative managers 18% (pages 19 and 25). Home-bias shows in Equity allocations while the Europeans hold the most Direct real estate. The average leverage added to portfolios is 17%\u00a0 (albeit mostly related to Direct Real Estate and Private Equity).<\/span><\/p><p style=\"margin-bottom: 15px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400;\"><span style=\"margin: 0px; padding: 0px;\">\u00a06. Also worthy of note is the section on INVESTMENT STRATEGY (page 23). This notes that:<\/span><\/p><ul style=\"margin-bottom: 0px; margin-left: 0px; padding-block: 5px 0px; padding-inline: 20px 0px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400; text-align: center;\"><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit; text-align: left;\">Almost half (45%)\u00a0of respondents opt for a Balanced investment strategy, with approximately a quarter each opting for Growth and Preservation strategies.<\/li><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit; text-align: left;\">Europe has the highest allocation to Preservation (38%), while APAC has the lowest (8%). Conversely, North America and APAC have the highest allocation to Growth (c40%).<\/li><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit; text-align: left;\">Three-quarters of investors agree or strongly agree that they focus on a Diversified portfolio with liquid, traditional assets.<\/li><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit; text-align: left;\">More than half also agree that they focus on the full spectrum of risk premia (including Alternatives etc).<\/li><\/ul><p style=\"margin-bottom: 15px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400;\"><span style=\"margin: 0px; padding: 0px;\">7. EQUITIES &#8211; Markets flying high : Equity market returns reached 23% and 38% for Developed and Emerging Market Equities, respectively. Equity allocations jumped 5% over the year, driven by a 4% rise in Developed Market Equity investment (page 41).<\/span><\/p><p style=\"margin-bottom: 15px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400;\"><span style=\"margin: 0px; padding: 0px;\">8. PRIVATE EQUITY &#8211; Continues to climb : Allocations to Private Equity now account for 22% of the average family office portfolio, comprising 8% in funds and 14% in Direct business investment (page 29).<\/span><\/p><p style=\"margin-bottom: 15px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400;\"><span style=\"margin: 0px; padding: 0px;\">9. HEDGE FUNDS &#8211; Allocations trimmed again : Allocations to Hedge Funds have been falling since 2015, with a 3% decline this year. Hedge Funds now account for just 6% of the average family office portfolio, which compares to 8% in Private Equity funds (page 35).<\/span><\/p><p style=\"margin-bottom: 15px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400;\">10. REAL ESTATE &#8211; Increased exposure : Family offices have increased Direct Real Estate investments by 2% over the year to 17%. In Europe, Direct Real Estate accounts for 23% of the average family office portfolio (page 34).<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e5034b0 elementor-widget elementor-widget-button\" data-id=\"e5034b0\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/tat.capital\/wp-content\/uploads\/2025\/06\/UBS-Global-Family-Office-Wealth-Report-2018.pdf\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">View Report<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>UBS Global Family Office Report 2018 May 22, 2025 1:35 am The Global Family Office Report (by UBS\/ Campden Research)\u00a0series [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3815,"comment_status":"open","ping_status":"open","sticky":false,"template":"elementor_canvas","format":"standard","meta":{"inline_featured_image":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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