The number of high-net worth individuals across the globe rose to a record in 2024, driven largely by gains in the US stock market.
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Frothy tech returns helped mint 600,000 millionaires last year
“Many investors, presently, when you look at their asset allocations, they’re significantly underweight on alternatives,” Bitterly said. Alternatives present “unique opportunities that are not available in public markets that you want to express in your portfolio.”
