This week saw one of those rare but not unprecedented times when a fund manager returns all money to his clients because the market risks are too great and he's struggling to find good investments. Altair's decision inevitably prompts the question, "Are we there yet?". Unfortunately, nobody knows, although the articles we have published from other fund managers who have increased their weightings to cash are an indication of widespread concern.
Editorial | Edition 204, 2 Jun 2017