Multi-managers flee alternative funds in Q2 2019
Cash holdings continue to grow
Multi-managers cut their allocation to alternatives a whole by 1.52%
Multi-managers have slashed their allocations to alternative UCITS funds in Q2 2019, according to Harrington Cooper's Proprietary Asset Allocation Tracker, which found cash holdings continued to grow on macro fears.
In a quarter that was dominated by news of an escalating trade war between the US and China and fears of an impending global recession, multi-managers stocked up on cash and fixed income products and sold...
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