Husselbee ups risk with Asian buys

North's John Husselbee has been increasing risk within his multi-manager portfolios by upping his exposure to Asian equities during the market sell-downs towards the end of last year.

Husselbee has invested £10m into the Schroder Asian Total Return fund, an offshore vehicle run by Robin Parbrook. North’s chief executive holds between 8% and 14% in Asia across his mandates and is a long-term investor in Angus Tulloch’s £5.5bn First State Asia Pacific Leaders fund. “We increased the risk across the funds during the market sell-off in November by reducing holdings in absolute return and bond funds, such as Insight Absolute UK Equity Market Neutral and M&G Optimal Income, and increasing exposure to Asian equities,” Husselbee said. “The global recovery is getting str...