James Inglis-Jones, co-manager of Liontrust's European Strategic Equity fund, has said his short positions within the UK consumer sector helped balance his portfolio performance post the Brexit vote.
Although the €24m fund had almost a third invested in the UK, Inglis-Jones (pictured) said the portfolio has "not even felt a speedbump" in the wake of the EU referendum, thanks to some of his short investments. He said: "We were hit in some of our long investments in companies such as Persimmon and Greggs, but our short positions in the UK consumer area compensated for the bad experiences we encountered." Liontrust reports £66m Q2 inflow despite Brexit caution Inglis-Jones, who manages the fund alongside Samantha Gleave, said the fund also benefited from taking a defensive stance ...
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