Family offices plan to increase their allocations to public market equities while decreasing their cash weightings over the next 12 months to capitalize on crucial growth themes such as technology and healthcare, according to Goldman Sachs' latest Family Office Investment Insights survey.
The investment bank's regular Eyes on the Horizon family office survey surveyed 166 institutional family offices with a net worth of at least $500 million (93%), 72% having at least $1 billion.
The biggest takeaway from the survey is that family offices are becoming more optimistic about public market equities after reducing allocations last year.
Q1 2023 hedge fund letters, conferences and more
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