Damaskos ups equity exposure by 20% on Junior Oils

Natalie Kenway
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Angelos Damaskos, manager of the £54m Junior Oils Trust, has bucked the trend to move defensive over the summer by increasing his equity exposure by 20%.

Damaskos, also CEO of Sector Investment Managers, liquidated a third of his bond portfolio and invested most of his cash in oil equities as he pointed to a valuation gap between the price of the commodity,...

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