Beyond 2013, Cash Will Be King (Part 1 of 2)

Today’s investment environment is uniquely challenging. With the decline in interest rates, liabilities have exploded. Active managers are struggling to outperform their benchmarks and equities are flat since 1999. The question ahead is how to set investment strategy going forward. Do we rely on what has worked over the last 30 to 40 years; or do we look to the future, as cloudy as it may be, and try to glean a speck of knowledge and press forward?

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