Mid-East OCIO exec: Hold cash, opportunities will come along
A Dubai-based senior executive who leads an outsourced chief investment officer (OCIO) business says it's time to hold large amounts of cash as the global economy is not out of the woods yet.
Wealthy family offices need to stay cautious and conserve cash as the macroeconomic outlook remains muddled, while remaining open to any opportunities to buy assets at cheaper prices than previously.
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