The wealthiest investors are shifting to real estate from hedge funds and equity markets due to high valuations and geopolitical concerns, a recent survey shows.

A survey by Tiger 21 Asset Management confirmed that 33% of the portfolios it manages are in real estate, a record high since the firm's allocation benchmarking work began in 2007.

The survey showed that the average wealthy investor is shifting into real estate rather than hedge funds and equity markets, due to high valuations and political concerns. The report added that the average number of hedge fund investors fell to an all-time low of 4% from a high of 5% in the fourth quarter of 2008 amid the global crisis.

The report added that the average number of hedge fund investors fell to an all-time low of 4% from 5% in the fourth quarter of 2008 amid the global crisis. <The survey attributed the decline in the number of hedge fund investors to concerns about high valuations and poor performance. U.S. and European equity markets have been higher in recent sessions, supported by speculation of a slower pace of interest rate hikes in the U.S. and a continued quantitative easing program in the Eurozone.

Eckel said. <Eckel Sonnenfeld, founder of Tiger20, said: The increase in investment flows into real estate is an “unusual move” by investors shifting from hedge funds and equity markets as a result of poor income returns and geopolitical concerns.

Ikel Sonnenfeld, founder of Tiger 20, said.