A new survey by Tiger 21 shows that high-net-worth investors have been reconfiguring their portfolios, allocating a record-low 4% of their assets to hedge funds. Equities have also taken a hit, as concern over high valuations and geopolitical risk have caused the ultra wealthy to rethink their strategy… So, where’s the money going?
As of the end of the second quarter, a third (33%) of Tiger 21 members’ portfolios was invested in real estate — greater than any other asset class, and an “extraordinary move,” according to Tiger 21 founder Michael Sonnenfeldt.
“Our members are most comfortable with assets they can have direct ownership of. They can own a building or a part of a small company,” said Sonnenfeldt. “When you have such a low ability to produce returns you go to income-producing assets.”
Continue to the full article to learn more about Tiger 21 and its latest report, released July 18, 2017.