Rothschild Concerned Over Rising Inequity, Social Tensions
Rothschild Wealth Management’s New Court Fund has increased its losses to 0.5% in the second quarter for a 0.7% YTD loss, but it continues to argue that accepting poor results now is the best way to protect its clients’ assets over the long term. It has also increased its cash holdings from 15.1% to 19.3% of AUM.
“We believe that the ‘cost’ of holding cash is, in part, a function of the opportunities available elsewhere. When cheap assets are plentiful, sitting on . . .
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