Investing
Millionaire Investors Have ‘No Choice’ But to Take On More Risk
The Tiger 21 founder says his network’s members are running from low interest rates. They’re even buying crypto.
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Most of the members of Tiger 21, a network of more than 900 wealthy investors, are entrepreneurs who made their money in the private markets. Now they’re betting more on public markets than they have in 11 years.
Members’ portfolios were 25% invested in public equity in the first quarter, up from 22%, and the allocation to private equity was down four percentage points to 22%, said Michael Sonnenfeldt, founder of the network of entrepreneurs, investors and executives who have an average of $100 million in assets.