Private bankers favour alts following Trump victory
Wealth managers said alternatives assets offered investment and hedging opportunities following Donald Trump's surprise election success, but further protest votes could emerge in Europe.
Alternative asset classes are likely to emerge as favoured investment destinations with high net worth individuals in the uncertain months following Donald Trump's victory in the US presidential election, according to several wealth managers.
In the day following Trump’s victory was revealed in Asia, Switzerland's Union Bancaire Privée (UBP) announced that it is overweight in alternative classes, including hedge funds.
"While a Trump presidency creates new uncertainty in the glo…
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