Cash is king, according to the results of the latest Bank of America Merrill Lynch fund manager survey. The survey was conducted from July 2 to July 9 as worries over Greece, China, and an impending interest rate hike by the Federal Reserve seemed to weigh heavily on the minds of the 191 respondents (who hold a collective $510 billion in assets under management). Results show that cash levels jumped to 5.5 percent, the highest since December 2008, when the world was still in the midst of a major financial crisis sparked by the collapse of Lehman Brothers. Still, BofAML analysts, led by Chief Investment Strategist ... (full story)