Family offices most exposed to hedge funds, PE

Family offices have the biggest portfolio exposures to hedge funds and private equity on a global basis, indicates a new Preqin report. On average, family offices have 24.5% of their portfolio assets allocated to PE and 19.1% to hedge funds. Endowments have the second biggest exposures, of 12.9% to PE and 18.8% to funds, says the 2013 Preqin Investor Network Global Alternatives Report. Insurance firms have the smallest allocations, with 2.6% allocated to PE and 2.4% to hedge funds…