Private equity races past classic cars

The Trustnet survey suggests the investment community now favours the asset class over other non-mainstream options, such as hedge funds and collectibles like classic cars. A surprising 38pc of respondents to the poll, which surveyed private investors and advisers, plumped for private equity. Paul Wynne, Trustnet’s head of marketing and communication, says: “Private equity products clearly have a place in modern portfolios as an asset class.” The fund information firm's poll showed 19pc of alternative investors mostly used hedge funds and products making extensive use of futures and deri...