(Bloomberg) The heads of the world’s biggest asset manager and largest hedge fund are anti-cash. Larry Fink, chief executive officer of BlackRock Inc., is urging investors around the world to stop keeping money in cash as stock markets reach new highs. There’s too much savings on the sidelines of financial markets in countries from the U.S. to China despite the stock market rally, Fink said Thursday at the World Economic Forum. “We don’t talk about the pool of money that is still sitting here,” Fink said during a Bloomberg Television interview in Davos, Switzerland. “Our financial markets are up three times since the financial crisis.”
Larry Fink Joins Ray Dalio in Warning Against Sitting in Cash
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