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13 Years After Leaving Treasury, Rubin Says He Has Too Many Dollars
By Nina Mehta
New York — Robert Rubin, who as U.S. Treasury secretary in the 1990s promoted a stronger dollar, said he has too much of his personal investments in the currency.
A “disproportionate amount” of his assets is in cash and he “should be more allocated away from the dollar,” Rubin, 73, said yesterday in a speech at the TradeTech conference in New York. He said he also was “greatly overweighted” in private equity and had investments in hedge funds.
