Annabelle Williams asks four managers about their winning and losing trades of the past 12 months.
Stewart Richardson, partner at RMG Wealth Winner: Japanese equities We were very bullish on Japan so went long Japanese equities, and short the yen from November 2012. At one point, the most a private client portfolio had in Japan was 45%. We had taken profits on everything by May, and put our toes in the water again in August. Loser: EUR CZK call options For most of this year, we had been expecting the Czech central bank to revert to a weaker currency policy to help stimulate their economy. They had previously cut interest rates to just 0.05%, inflation was already extremely low, an...
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