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Ed Meek
CEO/Investment Advisor

Edge Portfolio Management


State: IL

At Edge, a low client to advisor ratio allows for personal and customized service for each individual.  Our goal is to work as a team for each client to provide not only portfolio management but wealth coordination and financial planning.  We make every effort to have frequent communication with our clients and to provide timely response to calls and emails.  I also enjoy spending time with my wife and three kids, playing and following basketball, playing golf, and participating as an advisory board member for Breakthrough Urban Ministries.

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Tiger 21 Millionaires Scale Back on Hedge Funds

Ultra wealthy millionaires are reducing their exposure to hedge funds, while investing more in publicly traded equities, according a third-quarter report from Tiger 21, a most exclusive investment club.

| BY Adriana Reyneri

Ultra wealthy millionaires are allocating a smaller share of their investable assets to hedge funds, while allocating more to publicly traded equities, according to a third- quarter report from TIGER 21, an exclusive investment club.

TIGER 21 - The Investment Group for Enhance Results in the 21st Century - describes itself as the “premier peer-to-peer learning network for high net worth investors.”  The group’s nearly 200 members, who have at least $10 million in investable assets, collectively manage $18 billion, according to the TIGER 21 website. Entrepreneurs, CEOs, inventors and executives across a broad spectrum of industries make up the diverse group of members, who hold confidential group meetings to share their investing insights. Membership fees run $30,000 a year.

The average TIGER 21 portfolio allocation was largely unchanged from the second to third financial quarters, according to a statement from the group. Roughly one-fourth (23 percent) of investable assets were allocated to publicly traded stocks and another 23 percent were allocated to real estate investments. Private equity accounted for 18 percent of assets, while 13 percent was devoted to cash investments and another 13 percent to fixed-income products. The Tiger 21 Millionaires reduced their investment in hedge funds from 8 percent to 7 percent, while increasing their share of publicly traded equities by an equal amount.

The shift puts hedge fund investment at its lowest level since the first quarter of 2011. Hedge fund investment hit a five-year peak of 12 percent in the fourth quarter of 2007. Exposure to private equity remains at a five-year high, while investment in public equity is trending up. TIGER 21 millionaires had allocated 32 percent of their investable assets to public equity in the third quarter of 2008, but reduced their exposure to 18 percent in the first quarter of 2010.

Ultra wealthy millionaires are most likely to invest in equities in 2013, according to a recently published Millionaire Corner study,$25 Million Plus Investor 2012. More than 62 percent indicated an interest in equities, while 43 percent said they were likely to invest in cash accounts, money market funds and mutual funds. Roughly one-fourth indicated they would invest in hedge funds over the next 12 months, and the average $25 Million Plus investor has sharply reduced his exposure to alternative investments, including hedge funds. The share of ultra-wealthy millionaires who own hedge funds feel from 50 percent in 2010 to 47 percent in 2010, and the average  value of hedge fund investment fell from roughly $4.6 million to $2.8 million.

The majority of $25 Million Plus express a limited appetite for risk, according to our research. More than half (53 percent) describe themselves as moderate and 11 percent say they are conservative. More than half of the ultra-wealthy millionaires say it’s more important that they protect their principal than grow their investments.