Charles Monat Associates: World’s rich are hording $10trillion in cash






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	Monday, July 19, 2010 World’s rich are hording $10trillion in cash How afraid are the wealthy right now? According to a report from Scorpio Partnership, the world’s high-net-worth investors (with US$1 million or more) have an extra US$10 trillion lying around that they refuse to turn over to their wealth managers, the Wealth Report. Granted, these investors have US$16.5 trillion invested with private banks and wealth-management firms–up from US$14.5 trillion at the end of 2008, largely reflecting market gains. Read more... posted by Charles Monat Associates at 10:34 AM 0 Comments: Post a Comment « Home
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