RathboneFeb 21 2020

Rathbones manager on why he holds a £222m cash pile

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Rathbones manager on why he holds a £222m cash pile

The downside is that unlike a physical asset, the cash spent on a put option is essentially worthless if markets remain stable or go up.

He added: “I do not need to allocate so much capital to get that protection, so that excess is still in the fund.”

imogen.tew@ft.com

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