Bradbury takes short position in consumer cyclicals and financials

Ashton Bradbury has increased long positions in oil producers as a play on price strength on his Old...

Ashton Bradbury has increased long positions in oil producers as a play on price strength on his Old Mutual UK Equity Specialist hedge fund. The £120.9m portfolio aims to achieve capital appreciation by taking long and short positions in UK equities outside the FTSE 100. Bradbury is currently overweight oil and gas, and lists Babcock International, Wood Group and Chemring among his top five long holdings. He added: "We have long positions in oil producers and services as both are beneficiaries of oil price strength. "Against this we are short food producers, as a result of rising ra...