Mid-East OCIO exec: Hold cash, opportunities will come along

Wealthy family offices need to stay cautious and conserve cash as the macroeconomic outlook remains muddled, while remaining open to any opportunities to buy assets at cheaper prices than previously. That's the advice from a senior executive who leads an outsourced chief investment officer (OCIO) business in the Middle East. “I would say they should be holding large amounts of cash than they have done in the past. We still expect a recession or setback in financial markets,” Gar…