Angelos Damaskos, manager of the £54m Junior Oils Trust, has bucked the trend to move defensive over the summer by increasing his equity exposure by 20%.
Damaskos, also CEO of Sector Investment Managers, liquidated a third of his bond portfolio and invested most of his cash in oil equities as he pointed to a valuation gap between the price of the commodity,...
Two teams merged into one
UK blue chips up 0.2%
Effective from 30 June
Re-branded as Global Macro Balanced fund
Despite fears around hiring freezes