Multi-managers reap the benefits of equities rally

Multi-managers are reaping rewards from the equities rally but will slash allocation in the face of ...

Multi-managers are reaping rewards from the equities rally but will slash allocation in the face of failing fiscal and monetary stimuli. Having increased stock exposure since November, North's John Husselbee is cautious on the equity revival, claiming it is more driven by equities priced on former depression levels, which did not respect reality. He says: "We are in a trading range of 3,800 to 4,600 and will stay in that range until there is more visibility. The lows seen on 20 November could have been the lowest, but we need to see greater visibility to give confidence." Husselbee cu...