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.
 
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