The sector bets powering Neptune's global long/short fund

Neptune has outlined the underweight and overweight sector positions driving its Global Long/Short Sector fund, three months on from launch.

The fund, which launched on 1 November and is co-managed by Robin Geffen and Ted Alexander, expresses sector views through long, short or neural positions in baskets of between 20 and 50 swaps, which have 15% emerging market exposure. Speaking at the Alpha Generators conference this week, Alexander said the fund is underweight financials, healthcare and utilities, as all three sectors are subjected to political interference. "The sectors we are avoiding and running underweight positions to are in areas which are prone to a lot of political risk," said Alexander. "We still do not li...