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Investment firms of wealthy families take bullish stance on stocks

Rich families aren’t letting volatile stock markets dim their investing outlook during the pandemic.

More than a third of family offices – the private investment firms of the wealthy – plan to boost their allocations to developed and developing equity markets, according to a survey released Thursday from UBS Group AG.

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Bill Ackman’s Pro-Tennis Debut Lasted 67 MinutesExternal link

Bill Ackman’s Pro-Tennis Debut Lasted 67 Minutes