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Key Words: Keep cash on the sidelines because another hit is coming, warns fund manager

Nader Naeimi, as the head of dynamic markets, helps manage about $120 billion for AMP Capital Investors. Last year, he reportedly shifted some 30% of his assets into cash in a precautionary move fellow hedge-fund notable Ray Dalio recently suggested could have him feeling pretty stupid once the market melt up began.

Well, it hasn’t. And he doesn’t.

In fact, Naeimi, despite last week’s sharp drop, told Bloomberg he’s keeping most of his powder dry as he waits for lower prices in the coming weeks.

‘The plan is to buy in the second leg down, usually it’s best to wait for the markets to build a base before committing heavily back into the buy side.

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