Cash is king... but shouldn't it also be managed?

It has often been said that ‘cash is king’, yet cash can be overlooked or disregarded as an asset class in its own right. A recent survey suggested eight out of ten advisers spent less than 10% of their time managing the cash element of a portfolio, and one in ten spent no time on it at all. Advisers with high net worth clients should not ignore liquidity requirements. Many investors have become much more risk averse since 2008 and traditionally safe options beyond cash have become much less attractive (the Swiss National Bank issued a note recently that had a negative interest rate, ...