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Report: Wealthy Americans Turning to Alt. Investments

Mar 21, 2013
Jing Chen

A new survey from Northern Trust indicates that affluent Americans are turning to alternative investments to reach their financial goals.

Chicago banking giant Northern Trust’s “Wealth in America” report, which provides insight into the financial attitudes of 1,700 of American with $5 million or more in investable assets, reveals that 30% of respondents are more inclined to consider alternative investments now than they were five years ago.

Among those investors, 23% named hedge funds as their top investment choice. Private equity was most favored by high-worth investors with 35%, followed by managed futures with 32%.

Katie Nixon, Northern Trust’s chief investment officer for wealth management, explained that “alternative investments can provide portfolio diversification as well as offer exposure to sources of return not available from traditional stocks and bonds.”

Northern Trust had $4.8 billion in assets under custody and $758.9 billion in assets under management as of December 31.


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