View more on these topics

Ardevora global equity goes short on industrials

Ardevora partner Gianluca Monaco has added 17 shorts to the £5m Ardevora global equity fund since August.

The fund, run by Monaco, Jeremy Lang, William Pattison and Ben Fitchew, now has five short positions in industrials.

Monaco says: “It is difficult to call where the industrial sector will go, especially as industrials are really cyclical. We have to ask if this is a slowdown as we saw in the cycle of 2003 and 2004 or are we in a repeat of what we went through in 2008 and 2009?

“We are generally seeing more short opportunities than long ones in industrials so we are relatively cautious about the sector.”

The global equity fund returned -0.98 per cent from launch in February to August 31. The FTSE world total return index is down by 9.82 per cent over the same period.

Skerritt Consultants head of investments Andrew Merricks says: “We have gone short on industrial metals in the last month. It is certain that the world is going into a slowdown and if you can short, it is a good time to do that.”


Graduates’ debt dilemma

Next year sees two significant changes to graduate entrants into the workforce. From next autumn, tuition fees will be increased to £9,000 a year for the majority of UK undergraduate degrees and auto-enrolment will start to be phased in to all UK employers. Graduates will be in the position of having to decide whether they […]

How do we increase borrower protection?

The Building Societies Association says a Government drive to increase take-up of protection to meet mortgage payments and other debts could help struggling borrowers. The BSA first published a report in November 2010 examining safety nets for borrowers and published a follow-up report in February detailing the Government and industry’s response. Last week, the BSA […]


Axa Elevate to waive platform charge on Architas funds

Axa is to reward clients who invest in Architas funds through the Elevate platform between now and the end of 2011. The offer will see clients’ Elevate platform charge waived for the life of the investment provided it is held until the end of 2012. The offer is available to clients who invest through the […]

Pimco launches global multi-asset fund

PImco has launched a select global multi-asset fund today as a part of its select fund range. The fund will be managed by CEO and co-CIO Mohamed A. El-Erian. The team also includes including portfolio manager Curtis Mewbourne, who has responsibility for relative value strategies, and managing director and head of quantitative investment portfolios Vineer […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm