Cash and the Fourth Dimension

However, following the failure of the Icelandic banks and fears about the solvency of banks generally, both here and virtually everywhere else worldwide, such an assumption suddenly seems rather shaky. The WAY Group recently launched a cautious equity-based fund which was held largely in cash until mid-October. Against a background of tumbling equity markets, it was a surprise that all enquiries by prospective investors and their advisers about the security of the fund focused purely on the cash holdings! Investors seem well acquainted with the perceived risks within the equity markets (...