A group of superrich investors, spooked by China and ‘black swans,’ is raising cash for the first time in years:
The 750 members of Tiger 21, a coalition of investors with some $75 billion in assets, increased their cash holdings by 20% in the first quarter, bringing the group’s total allocation to levels not seen since the start of 2013. The move also marks Tiger 21’s first cash-raising effort in three years.The ongoing tariff tiff with China tops their long list of market concerns, along with an unsustainable budget deficit and the failure to make progress with North Korean relations.
Private equity remains preferred over public — 25% vs. 22% — reflecting the “edge” that the wealthy members feel they get when investing directly in small companies where they might have direct interest or outright ownership.
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