TIGER 21 FOUNDER TELLS CNBC WHY MEMBERS ARE RAMPING UP ON THIS ASSET
CNBC.com featured an article on TIGER 21’s recently-released Asset Allocation Report and shifts in the investment allocations of its high-net-worth Members.
The following topics were covered:
- Increased holdings in cash and cash equivalents from 10% to 12% over the first quarter, indicating a change in investor sentiment.
- Public equity, private equity, and real estate account for 73% of their overall portfolios.
- TIGER 21 Founder Michael Sonnenfeldt explained, “Our Members are entrepreneurs. They’ve made their money in private equity and owning businesses and real estate – all of those succeed best when you have liquidity.”
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