The Tigers and the Lady: Investment Strategies Compared

Tiger 21 has been called the world's most expensive investment club. (No, I wouldn't pay $25,000 a year to hear sales pitches from hedge fund managers, even with excellent lunches thrown in. But I don't have $10 million, either. Maybe there's a connection).

You can read all about the group in this 2004 Fortune article.

Tiger 21 isn't shy about publicity. Recently the group issued a summary of their approach to asset allocation. Turns out, the Tigers' asset mix is not too far from the allocations Northern Trust identified among investors with $10 million or more. Below is a rough comparison (figures may not add up to 100 percent because of rounding). Just for fun, the asset allocation that Brooke Astor's son created for her is shown alongside.

If a heavy weighting in alternative assets is a measure of boldness, Mrs. Astor's portfolio makes the Tigers look like pussy cats.