Fund of the week: why cash beats credit

Fund manager Nils Taube is good at making money in difficult periods. Which should make the current economic climate the ideal picking ground for him.

"Nils Taube has always been particularly good at making money in difficult periods," says William Rees Mogg on The Daily Reckoning. Which should make the current economic climate the ideal picking ground for the 79-year old.

Estonia-born Taube fled to Britain at the age of 18, eventually becoming a stockbroker with the City's Kitcat & Aitken, and an adviser to Lord Jacob Rothschild and George Soros, among others. During 35 years in fund management, he has delivered an average annual return of 15%. Smith & Williamson Taube Global is the latest fund to come under his control, after launching in April. Since then, it hasn't moved much, but has outperformed the FTSE 100.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.