The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Cash is King for Fund Managers as Market Drops Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, May 12, 2008

Cash is King for Fund Managers as Market Drops

by: Erin Kello

Who's holding more cash as a safeguard against volatile market conditions? The WSJ's Jonathan Burton runs down a list of fund managers holding more of their respective funds in cash: Robert Rodriguez of FPA Capital Fund, who holds around 40 percent of his fund in cash; Don Yacktman, co-manager of the Yacktman Funds and Yacktman Focus Fund, who holds 25 percent of his fund in cash; and Bruce Berkowitz, co-manager of Fairholme Fund, who holds around 20 percent of his fund in cash routinely. There is a downside to cash, Burton warns, if the stock market swings back upwards, the fund can quickly go from leader to laggard.  

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use