Wealthy Clients Want 'Shiny Star' Investments, Says Rick Pitcairn

Rick Pitcairn, chairman and chief global strategist at family office Pitcairn, said his role includes advising wealthy clients against allocating excessive funds to individual private investments such as SpaceX or private markets. Pitcairn stated that private credit and private markets have a place within investment strategies but should be part of a diversified portfolio rather than concentrated holdings.

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