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Podcast: VC10X - Investing, Venture Capital, Asset Management, Private Equity, Family Office
Episode: VC10X Micro - DASH FOR CASH: Why Investors Are Moving to Risk-Off Assets, and Cash Levels Now Exceed COVID Peaks
Description: Global money market funds just hit a record $8.24 trillion in assets — 65% above the COVID-era peak of $5 trillion. This month's Bank of America Global Fund Manager Survey recorded the single largest jump in cash allocations since March 2020. So what's driving it?In this episode, we break down the three forces behind the fastest institutional rotation to cash since the pandemic: the U.S.-Israel war on Iran and its impact on oil markets, a stagflation repricing that shifted consensus in 60 days, and private credit systemic risk that 63% of fund managers now consider the most likely so...