Money market funds in the US are building up liquidity as fears of a downgrade or default on the nation's debt intensify ahead of debt ceiling vote.
George Soros' $25.5.bn Quantum Endowment hedge fund is sitting on 75% cash after the portfolio pulled back from the market following a 6% loss last year, Bloomberg reports.
Aberdeen's multi-managers have cut cash weightings in their portfolios by as much as two-thirds in anticipation of an improved economic environment.
Economist Joe Roseman asks SG strategist Dylan Grice where value lies in the markets
Pimco's Bill Gross has completely exited US treasuries on the £146bn Total Return fund, in favour of cash.
John Duffield's New Star investment trust has revealed a holding in the Fundsmith Equity fund, managed by City financier Terry Smith.
Dighton Capital Management, specialists in managed futures funds, has moved all of its $230m assets under management into cash due to "considerable" market uncertainty.