Neptune's CEO Robin Geffen is refraining from holding any UK equities within his global portfolios due to risks surrounding the upcoming general election.
The manager of the Neptune Global Equity, Global Alpha and Global Special Situations funds said he has no exposure to the UK within his global portfolios, a decision he is "not unhappy about" in the run-up to next May's vote. Explaining his reasoning, he said "I see ahead of us the most difficult election in several decades, with UKIP looking to take seats off all three major parties and Alex Salmond causing problems for Labour in Scotland. The markets do not like uncertainty and it is massively uncertain." Geffen has already suggested sterling could fall as low as $1.50 in the coming...
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