Family Office
Citi Sees Family Offices Swarming Bond Market and Fueling Rally
Citigroup Inc.’s ultra-wealthy clients are plowing money into fixed income. Family offices and rich clients have been snapping up bonds lately, said David Bailin, chief investment officer at Citi Global Wealth, which manages about $700 billion of customer assets. Bonds “deserve immediate attention” given expectations that 2023 will be one…
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