Husselbee: US GDP figures could spark equity dip

Multi-asset manager John Husselbee warns disappointing GDP figures from the US could trigger a dip in equity markets and says he will once again be turning to hedging techniques to protect his portfolios.

He is anticipating markets will rally throughout the summer months and admits he has been surprised by the strength he has seen in equities this year. However, he says, when he believes the markets have peaked, he will apply hedges to his range of multi-asset portfolios. The North Investment Partnership chief executive, who runs funds for City Financial and adviser firms, previously used hedges back in April when the markets took a turn for the worse. "We worked with two or three investment banks to put together some bespoke hedges that represent our portfolios on 1 April," he sa...