By Phil Anderson From Ocorian

Family offices in Bermuda, the Cayman Islands and Mauritius interviewed

Family offices in the Caribbean are increasingly changing allocations in the funds they manage in response to U.S. tariffs with private market investments the main beneficiaries, new research from Ocorian, the specialist global provider of services to high-net-worth individuals and family offices shows (please see the attached press release).

Its study among family members, senior family office employees and intermediaries working for family offices in Bermuda, the Cayman Islands and Mauritius with total wealth of $8.75 billion found all have moved more funds into private markets at the expense of equities and fixed income.

More than one in five (22%) have increased allocations to digital and crypto assets following the uncertainty caused by the imposition of tariffs by the Trump administration.

Equities are the main losers from the change in allocations – 44% questioned in Bermuda, the Cayman Islands and Mauritius have moved funds out of equities and into fixed income following the launch of tariffs.

The study with 25 family office members, employees and intermediaries in Bermuda, the Cayman Islands and Mauritius is part of a global study in 13 countries or territories including the UK, UAE, Singapore, Switzerland, Hong Kong, South Africa, Saudi Arabia, and Bahrain.

In the Caribbean the study found the major impact of tariffs on family offices has been increased volatility and the impact on businesses and trade due to imports or exports. Around 78% questioned cited those issues as the main impact of tariffs while 56% said investment strategies had been hit and had suffered significant losses.

Around a fifth (22%) said the imposition of tariffs had dramatically reduced their appetite for investment risk while the same number said it encouraged them to move more of their assets to more stable jurisdictions.