Wealthy see risk appetite grow

Private banks are seeing a resurgence of risk appetite among their wealthy clients, a survey has shown. The number of private banks planning to increase their allocation to alternative assets during the next year jumped this year to 75 per cent from 42 per cent, according to research from Hotbed. In the next year, 55 per cent plan to raise their recommended allocation to commercial property and 33 per cent will advise more investment in private equity.