Midas' Martin Gray is considering several changes to his Arcturus fund of funds portfolio, including...
Midas' Martin Gray is considering several changes to his Arcturus fund of funds portfolio, including slashing underperforming property holdings. The £58m fund is soon to be renamed CF Midas Target following Miton Optimal's merger with Midas Capital. It has around 15% exposure to property, one of the asset classes hardest hit by the credit crunch. Gray said: "We want to reduce our property exposure but with prices the way they are now, we are not looking to do it straight away." He said he would not consider buying more property funds despite valuations of the underlying assets langu...
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