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A group of superrich investors, spooked by China and potential ‘black swans,’ raises cash to levels not seen in years

Shawn Langlois
A group of superrich investors, spooked by China and potential ‘black swans,’ raises cash to levels not seen in years

The 750 members of Tiger 21, a coalition of investors with some $75 billion in assets, increased their cash holdings by 20% in the first quarter, bringing the group’s total allocation to levels not seen since the beginning of 2013. The move also marks Tiger 21’s first cash-raising effort in three years.