BarCap's Bance slashes equity exposure on RADAR fund

Barclays Capital's Nathan Bance has cut the equity exposure in the £21m RADAR fund to focus on market-neutral trades and more ‘esoteric' investments.

The director of investment solutions said the fund has moved from an 86% position in equities six months ago to 35%, and has upped the global macro fund’s exposure to dividend futures, yield curve flatteners, and call options, which are less reliant on rising markets for performance. Investors should look to reduce their equity exposure as the market moves towards the end of the risk asset cycle, Bance said. “Investors should be running lower levels of equity risk at this time and enter trades that look to benefit from less market movement,” he added. “The fund is posting a positive ...