Chart 1 details the mean allocations across the asset classes from the beginning of the 2 nd Qtr of 2012 to the end of the 1 st Qtr of 2013. Chart 2 shows the change in asset allocation percentage on a year over year basis, from the beginning of the first quarter 2008 and ending at the close of the first quarter 2013.

Certain trends seem to wax and wane over the years and from period to period. In any given period, some of the new Members, or the graduating Members, may have significant concentrations in one asset class or another. As a result some of the changes in one allocation or another may be more a reflection of a different mix of Members rather than changes TIGER 21 Members individually have made. The allocation structure for TIGER 21 Members again displayed a key trend that has been seen over the past few quarters, which is a continued increase of investments into Private Equity. The other asset classes only showed slight shifts in allocations over the quarter.

Chart 1: TIGER 21 Member Allocations (Time Period: Q2 2012 – Q1 2013) Specifically, since the 1 st quarter of last year, investments into Private Equity have increased by 8% and are now at a current level of 22%. We continue to believe that this is attributed to Member investments in their own businesses or other private business in their networks as opposed to investments in private equity funds. TIGER 21 Members’ Hedge Fund investments and Private Equity investments were the only asset classes that experienced increases over the course of the first quarter.

Hedge Fund investments rose by 1% to a level of 8%, reversing a decline seen over the past two quarters. Public Equities experienced a marginal decline of 1% during the first quarter. This pauses an increasing trend that we have seen in this asset class since the beginning of the 1 st quarter of last year. The current allocation of 23% meets with the overall median allocation for the Public Equity asset class. Allocations to Real Estate saw a decline of 2% to rest at a level of 19%.

This continues the slow downward trend from the beginning of last year when this allocation  was at 24%. Percent allocations to Cash, Currencies, Commodities, and Fixed Income did not change from last quarter. 

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