GMO’s James Montier Is Holding 50% Cash; Three “hellish” Situations

Finding investment value is absurdly difficult, said a leading hedge fund manager, who has since reduced risk exposure to 2008 low levels.

James Montier: Three "hellish" situations he models

Sounding a familiar refrain, James Montier of US asset manager GMO, with $118 billion in client assets, is having difficulty finding values that warrant asset deployments.

[klarman]

‘This is definitely the most difficult time to be an asset allocator. It’s very hard to find value,’ James Montier was reported to have said at a Value Intelligence Conference in Munich, an event...