Personal wealth has been growing rapidly around the world, outpacing the growth seen in institutional allocations like defined benefit pensions, endowments, foundations and sovereign wealth funds. This presents a new area of opportunity for hedge funds - an area primed for growth among hedge funds.
Rapidly growing personal wealth
In a recent report from their prime services division, Goldman Sachs estimates that personal wealth now amounts to about $240 trillion, which surpasses the combined assets of the listed institutional investors by fivefold.
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