Managers beware of US exposure in UK stocks

US long/short

UK long/short managers are finding a plethora of shorts among those corporates exposed to the US market's fortunes. Meanwhile, they have also found longs among both miners and life insurers.

Alan Brunsden manages King & Shaxson's Premier Fund. Launched in January and with approximately $8m in assets, the fund is up 6.1% year to date. Premier is currently around 65% net long, with Brunsden being cautiously bullish about the UK equity market.

He currently has only two strong top-down convictions