Investing
Citigroup’s Family Office Clients Are Seizing on the Market’s Wild Swings
- Firms with over $1 billion seen making big bets in rates, FX
- Citi executive also sees more money going to hedge funds
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Family offices with at least $1 billion in assets are boosting their investments amid market swings fueled by recent geopolitical and macroeconomic turbulence, a Citigroup Inc. executive said.
“Some of our very large family office clients are taking advantage of the volatility,” said Luigi Pigorini, head of Europe, Middle East and Africa at Citi Global Wealth. They’re taking “big positions” across all asset classes, including fixed-income and foreign exchange, he added.