Why this money manager is holding more cash than ever in a ‘very unstable’ market

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Ryan Bushell of Newhaven Asset Management says his cash positions are earning 5 per cent while he waits for better buying opportunities

Ryan Bushell is holding more cash in his client portfolios than he ever has in his almost 20-year career – at around 10 per cent right now – owing to a combination of high interest rates and economic uncertainty.

The cash is earning around 5 per cent in high-interest savings funds while Mr. Bushell waits for better opportunities to invest in select stocks at cheaper prices, which he believes could be coming.

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