Processing delays and computer glitches surfaced almost immediately as the program was overwhelmed by a flood of demand yet again.
The Wall Street bank points out some $4.7 trillion in now stocked away in money-market funds, and bank deposits have also surged.
Global macro hedge funds, which disappointed last year, are tipped to stage a comeback amid extreme market volatility caused by the Covid-19 pandemic.
“Do not think that cash is a safe investment,” he explained in the interview.