Ultra high net worth individuals (UHNWIs) are demanding increasingly creative alternative investment opportunities, according to Investec Private Bank.
During the past 12 months Investec has seen 56% growth in assets under management of its investment consulting business and is anticipating similar growth in new assets to over £1.7bn over the next 15 months.
According to Investec Private Bank, a growing number of sophisticated investors are turning to non-traditional asset types and are seeking specialised investment opportunities, such as private equity, Investec preparatory balance sheet deal flows and other alternatives. It said many UHNWIs now expect to be shown institutional type investments coupled with tailored and highly specialised investment advice.
Kim Hillier, chief investment officer, Investec Private Bank’s European Investment Business, said: “The growth in our funds under management reflects ever increasing desire for creative investment solutions. Much of this demand has been driven by the uptake in long-term, alternative investments rather than more populist fads or more traditional assets.”
Investec Private Bank’s Investment Management Business currently manages individual client assets totalling approximately £1bn for only UHNWIs and families.
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