Latitude Horizon dumps gold as hedging characteristics fade

Added eight new equity positions in 2020

David Brenchley
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Latitude IM's Freddie Lait
Image:

Latitude IM's Freddie Lait

Gold no longer hedges equity risk in portfolios, Latitude Investment Management’s Freddie Lait has said, having recently sold his allocation to the precious metal in an unusually busy trading year.

Lait said 2020 had presented "an incredible opportunity for single-stock investors" to snap up shares in businesses that have been "trading very, very cheaply". After adding just one new equity position...

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