Latitude Horizon dumps gold as hedging characteristics fade

Added eight new equity positions in 2020

David Brenchley
clock • 6 min read
Latitude IM's Freddie Lait

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...

To continue reading this article...

Join Investment week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Funds