Jul
25
Singapore Family Office Hoards Cash Amid China-U.S. Tensions
By-
Kamet has about 40 percent cash, versus more usual 5 percent
- Invests money for two ultra high net worth Chinese individuals
Kamet Capital Partners Pte, a Singapore-based family office that invests on behalf of wealthy Chinese, said it’s hoarding cash as it waits for global asset prices to deflate amid geopolitical tensions and tighter U.S. monetary policy.
The firm plans to maintain its cash holdings at about 40 percent of assets under management, Kamet Chief Executive Officer Kerry Goh said in an interview. That’s an ultra-conservative position by the standards of the fund management industry, where cash holdings of 5 percent or less are common, according to the latest monthly survey by Bank of America Merrill Lynch…
Singapore Family Office Hoards Cash Amid China-U.S. Tensions
