Maia Capital's multi-manager team are shunning cash and keeping their portfolios fully invested despite volatile markets.
The Resolution Asset Management boutique’s founders, Chris Ralph, Simon Mungall and Jason Collins argue weaker markets tend to produce a wider range of returns for skilful and disciplined fund managers to exploit. They say the underlying managers in their Growth, Balanced and Cautious portfolios would fail to fully benefit from the opportunities they unearth if the capital allocated to them was reduced. The trio also believe their investors are paying them to stay fully invested and keep cash weightings down. The managers, who recently interviewed more than 50 fund managers during a t...
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