Investec Asset Management's John Stopford has begun hedging US equity exposure in his Diversified Income fund, despite this part of the portfolio being the most significant contributor to performance last year.
Stopford (pictured), who is co-head of multi-asset at Investec and also runs a number of fixed income portfolios, has reduced the overall equity exposure of the £100m Diversified Income fund in the view...
Formerly managed by Bill Gross at Janus Henderson
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