Coram Asset Management co-founder James Sullivan has said he would consider holding 100% cash in his funds if such a move was right for market conditions.
Sullivan (pictured) runs three global multi-asset funds at his new firm: Global Opportunities, Global Defensive, and Global Balanced. A recent addition to the fund management team is his former Miton colleague Martin Gray, who is known for holding large cash positions at times of market uncertainty. He held more than 40% of his Miton Special Situations fund in cash at some points during his tenure. The managers intend to hold around 29% in cash in the Global Defensive fund, 26% in Global Balanced, and 13% in Global Opportunities over the next few months as they complete portfolio cons...
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