Short bets drive early Octopus performance

Shorts in retail, banking and housing sectors have contributed to Octopus Dynamic's pole position in...

Shorts in retail, banking and housing sectors have contributed to Octopus Dynamic’s pole position in the UK All Companies sector just four months since launch. Launched in March, manager David Crawford’s long/short UK offering focuses on companies with a market capitalisation of less than £1bn. Over three months to 23 June it mad a bid to bid return of 20.1% against a benchmark of 3.4%, ranking first out of 326 names, according to Morningstar. “The fund is targeting an absolute return and aims to beat 12-month Libor regardless of stock market movements,” Crawford said. He added plan...