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Cash helping US fund managers, even as they look to spend it

Those holding more cash outperform their peers; they are now shopping for shares which are near 2015 lows

Published Thu, Oct 1, 2015 · 09:50 PM

New York

STOCK mutual fund managers who tucked extra cash under their mattresses this year have fared well: Protected from the worst of the recent selloff, they have generally outperformed their competitors and now, with shares near 2015 lows, are readying a new round of buying.

Managers such as Sean Gavin of the US$437 million Fidelity Blue Chi…