Rothschild £26m portfolio used overweight cash position to gain returns of 7.3%
A 30% weighting in cash has helped J Rothschild's pension fund top the Caps survey of balanced pension portfolios for the second quarter. The £26m portfolio, managed by GAM, was up 7.3% for the quarter and also had a half weighting in UK equities and was overweight in overseas investments. The second best performer was Winterthur Life which showed returns of 3.4% while Orbitex Balanced Life fund came in third with returns of 2.8%. While the Rothschild fund gained from its overweight cash position, returns available from equity markets during the second quarter were on the whole posit...
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