Duce and Kearney up cash weighting on MM portfolios

Credit Suisse multi-manager duo Graham Duce and Aidan Kearney have significantly upped exposure to ca...

Credit Suisse multi-manager duo Graham Duce and Aidan Kearney have significantly upped exposure to cash across their portfolios, believing that any market rally this year is likely to be short-lived. Throughout October, cash was held at an average of 10% across the 13 funds, though the team has since taken money out of UK and Europe at points of market rebound. All of the portfolios now have double-digit cash weighting, including the most aggressive mandates such as UK Growth, which has 11% in this asset class. Cautious Managed and Equity Managed funds have 13-13.5% cash while Ethical, ...