Neptune's Burnett goes long in banks for first time in over a year

Neptune's Robert Burnett believes China could perform a pivotal role in injecting capital into the b...

Neptune’s Robert Burnett believes China could perform a pivotal role in injecting capital into the beleaguered global financials sector in the coming weeks. The manager has shifted his European Opportunities portfolio, taking structural long positions in banks for the first time in over a year. Burnett said China has the power to act as a “circuit breaker” in the current crisis, which he said would cement a bigger trend that has been in the background in recent years with global leadership moving to the East, which will in turn see the system healing itself. While not making a call on...