Lyttleton shorts Schroders and Aberdeen

Mark Lyttleton has built up short positions in Schroders and Aberdeen in his £2bn BlackRock UK Absolute Alpha fund.

The manager, who has largely used the FTSE 250 index to form his short exposure in recent months, has taken a 0.28% disclosable short position in Schroders and 0.25% in Aberdeen. Lyttleton made a similar short position in Legal & General in July, as the manager took a bearish view on the insurance sector. His cautious stance on fund groups is shared by hedge fund Trafalgar, which has taken a short position in asset manager F&C. Schroders (voting) shares closed Tuesday trading at £13.31, which was the exact level they began trading on the first day of 2010. The asset manager unveils...