Shorts proving popular in US as bear looms

US long/short

Concern about the US economy is increasing allocations on many a short book among North American long/short funds.Toronto-based Sprott Asset Management has a gross short position of 95%. Positions are taken from the general equity universe of the North American market, which it believes to be in the throes of a secular bear market.This is offset by a 70% gross long position, predominantly in energy and gold equities, which is supplemented by a 25% allocation to gold and silver bullion, itsel