London | Family offices with at least $US1 billion ($1.5 billion) in assets are boosting their investments amid market swings fuelled by recent geopolitical and macroeconomic turbulence, a Citigroup 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 are taking “big positions” across all asset classes, including fixed-income and foreign exchange, he added.
