Bezalel positions for continued economic headwinds

Jupiter manager believes low-rate environment will continue to be supportive for bonds as investors continue to search for yield in 2010

Since launching his Jupiter Strategic Bond fund in June 2008, Ariel Bezalel has not been afraid to make tough contrarian calls. The decision at launch  to significantly underweight subordinated bank bonds on the view the financial system faced further problems turned out to be correct, while the manager’s move to buy back into the sector in March last year has also proved positive. Bezalel’s flexible approach has guided the fund to third position out of 61 vehicles in the IMA £ Strategic Bond sector from launch to 31 January this year, outperforming peers by 18%. What factors have ...