Lang: Why we went short on autos before emissions scandal erupted

Flipped autos from long to short book

Natalie Kenway
clock

Ardevora's Jeremy Lang flipped exposure to the auto sector in his £353m Global Equity fund from the long book to the short book ahead of the Volkswagen emissions scandal, on the view risks in the sector were increasing.

The manager said three years ago the fund had significant positive exposure to autos and this was still the case towards the end of last year. However, earlier in 2015 rising risk indicators led him to...

To continue reading this article...

Join Investment week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space

  • Get ahead of regulatory and technological changes affecting fund management

  • Important and breaking news stories selected by the editors delivered straight to your inbox each day

  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts

  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment

John Vail of Nikko Asset Management

Why Japan's CPI remains low while other economies grapple with inflation

Food and energy rises

John Vail
clock 02 December 2021 • 3 min read
Market uncertainty said to be possible reason behind low retail sales

UK retail fund sales sink to lowest level since September 2020

Investors in ‘wait and see’ mode in October

clock 02 December 2021 • 1 min read
AJ Bell annual profits up 13% to £55m

AJ Bell annual profits up 13% to £55m

Annual results for year ended 30 September

Jenna Brown
clock 02 December 2021 • 3 min read
Trustpilot