Perry Lerner, the 73-year-old co-founder of Crown Global Insurance Group, recently got personal-finance advice from his ultrawealthy peers at his TIGER 21 portfolio ‘defense.’
As a hockey-obsessed young man, I remember plenty of Saturday nights spent in front of the TV watching my idols Bobby Orr, Guy Lafleur and, later, Mr. Gretzky himself. I watched them for one simple reason: to be a better player. In a lot of ways, the experts were the best coaches I ever had.
Worth spoke with Michael Sonnenfeldt, Tiger 21’s founder and chairman, about how some of the world’s most successful job creators feel about the markets, the global economy and the U.S. election.
While owning residential real estate is typically part of a diversified investment portfolio, what is different in the last year or two is the role the uncertain economy is playing in making purchasing decisions.
While owning residential real estate is typically part of a diversified investment portfolio, what is different in the last year or two is the role the uncertain economy is playing in making purchasing decisions.
Even before Donald J. Trump defied the odds and was elected the 45th president of the United States, wealthy investors were feeling uneasy about the level of uncertainty in the global economy. While some people are optimistic that a Trump administration could mean tax breaks, less business regulation and other benefits to the wealthy — and even the stock market eventually rose on the news — the truth is, no one knows for sure what the next months or years will bring.
Forbes magazine called it the “wealthiest, most powerful social networking group in the world”. Others have called it a “top secret club for millionaires”. And from this weekend, the UK’s wealthiest will have the chance to join TIGER 21, rubbing shoulders with 450 of the world’s richest people.
An investment club for the ultra-rich has revealed its Members' are sticking with real estate and private equity amid a dwindling appetite for hedge funds.
Kattegat Trust, a charitable vehicle set up by Teekay Shipping Corp magnate J. Torben Karlshoej, was looking to diversify its portfolio beyond its core shipping holdings. The trust sought exposure to asset classes like private equity by harnessing a broader base of capital from other limited partners.
