2024 FOX Global Investment Survey Member Research Brief

The 2024 economic environment presented a complex landscape for family office investments, characterized by heightened global uncertainty and an evolving interest rate backdrop. As central banks, particularly the Federal Reserve, navigate the aftermath of prolonged accommodative policies, family offices are recalibrating their investment strategies to adapt to these changes. The higher relative interest rates helped to revitalize the appeal of fixed income and cash as yield-generating defensive asset classes, marking a departure from over a decade of near-zero rates and appropriately less emphasis on yield and current income. Additionally, there is a marked increase interest in private credit and an ongoing emphasis on direct investing. 

With participation from over 100 investment offices, including families and single-family offices serving multiple family branches, this year’s survey captured global sentiments from family offices with assets.