Blackstone Opens a Dubai Wealth Office as Alternatives Overtake Stocks and Bonds in Family Office Portfolios for the First Time
Blackstone has opened its first dedicated private wealth office outside Zurich in Dubai, where DIFC family offices control more than $1 trillion, just as new data shows alternatives now make up 60% of single-family office portfolios. Here is what is driving the shift and the liquidity risks that come with it.
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