Cautious Littlewood waits for 'green shoots' confirmation

William Littlewood is opening his Artemis Strategic Assets fund 20% short on government bonds and wit...

William Littlewood is opening his Artemis Strategic Assets fund 20% short on government bonds and with almost half the portfolio in cash. The multi asset long/short vehicle ended its offer period last Friday and has revealed its launch asset allocation. As well as being short on government debt, it will take a 5% gross short equities position, along with 28% long UK stocks and another 10% US. Currencies make up a quarter of the £145m fund, which has 45% in cash and just 2% in corporate bonds. "Given the continuing market uncertainty I will be spending much of my time gradually buildin...