And investors apparently don’t mind that their funds are holding onto such a large hoard of cash instead of investing in equities, given cash is now considered an asset class, noted John Rende, a partner with Weintraub Capital Management. Rende and Pfrang were both speakers on “The Buy Side Today” panel.
HALF MOON BAY, Calif.–When bonds are paying yields like stocks and blue-chip companies are severely undervalued, who wants to invest in equities, let a
