Neilson down on USA, backs Asia
Independent Financial Research
Neilson down on USA, backs Asia. Kerr Neilson has forged his reputation during market downturns, first at Bankers Trust Australia where he famously dodged the 1987 crash, and subsequently at Platinum Asset Management. A quick look at the performance chart for the Platinum International Fund shows a massive outperformance during the tech collapse from 2000 to 2002, and during the global financial crisis in 2008/9. He could be about to do it again. In the quarterly report published by Platinum this week, Neilson revealed that the International Fund had increased its cash weighting over the September quarter from 7% to 13% and its short positions from 12% to 14%. Not bad timing, given that the MSCI World Index has already fell 6% in the first 15 days of October. Neilson's other major move has been a shift from the US into Asia. Read the whole article: (VIEW LINK)
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