Investec's James Hand heads Global Extension Portfolio

Investec has launched a long/short fund without the 130/30 tag as manager James Hand wants to retain...

Investec has launched a long/short fund without the 130/30 tag as manager James Hand wants to retain flexibility depending on market conditions. The Global Extension Portfolio launched on 2 July and currently has 120% long positions and 20% short. However the group’s head of 4factor research Hand said he would be willing to take on up to 50% short positions if he felt the risk was justified and therefore decided against naming the fund 130/30. “I would be more than happy to go up to 150/50 if risk went down and we continued to see really good short ideas but I do not see any need to g...