Kyle Schaffer Senior Investment Advisor and Managing Director at Ballentine Partners, was quoted in a recent article in Bloomberg: “Family Offices to Increase Allocations in 2011”. The article discusses wealthy investors renewed appetite for alternative investments following a period of market turmoil and uncertainty.
“We’re continuing to increase the allocation to hedge funds across our client base,” said Kyle Schaffer, managing director at Ballentine Partners, which advises 80 families with total net worth of about $5 billion. “There had been such a wide range of uncertainty, it created a bit of paralysis. The general feeling is emerging that the worst is behind us.” Schaffer continued, “Ballentine Partners is allocating multi-family office assets to global macro hedge funds. The firm is not currently seeking new managers within the strategy.”
