Futures managers shift all $230m AUM into cash

Dighton Capital Management, specialists in managed futures funds, has moved all of its $230m assets under management into cash due to "considerable" market uncertainty.

Alex Moiseev, principal and CIO of Dighton, says the group has successfully employed this tactic before, during the turmoil of 2008. "The risk/reward trade-off is unattractive. We therefore feel that until we have a clearer picture on what is likely to happen in the FX markets for example, and also greater clarity on the economic policies of some G20 countries, it is better to be in cash than other asset classes at the moment," he says. "We are closely monitoring the markets for new signals, especially with regards to the US dollar and bonds. We expect to have a much clearer picture o...