UK managers take long bias into 2006

uk equity hedge

UK hedge fund managers are generally optimistic on the market's outlook in 2006, adopting a long bias but wary of how M&A can hit short positions unexpectedly.

Luke Kerr, manager of the Old Mutual UK Dynamic Equity Fund, says the UK stock market in 2006 will largely be a stockpicking affair, with themes by sector becoming less prevalent. At a macro level, however, OMAM remains "broadly positive" about the market due to likely sustained high levels of M&A activity driven by the relative cheapn