The charge of the lite brigade

Short selling of investments goes back to 17th Century Europe, according to Paul Quinsee, chief investment officer of the equity investment group at JP Morgan Asset Management. "Sometimes the best ideas are the simplest," he says.It may seem simple to Quinsee, but the 130/30 funds he refers to, in which a certain percentage of the equity portfolio is shorted, with the short positions balanced with extra long positions so that the whole portfolio has full market exposure, have become one of t