Bearish Littlewood to start defensive in new Artemis fund

William Littlewood says his first retail fund since 1999 will launch initially with 45% in cash, ref...

William Littlewood says his first retail fund since 1999 will launch initially with 45% in cash, reflecting his current bearish view on equities. The former Jupiter Income manager will head up Artemis' first new fund in four years, the long/short Ucits III Strategic Assets portfolio. The vehicle can be 100% invested in equities, bonds and commodities, through ETFs, but Littlewood anticipates only taking a little more than half this allocation at the 5 May launch. He can take an additional potential for a 30% combined short position on equities and ETFs, 100% short on government bonds ...