Opportunities abound for the selective stock picker

UK long/short

UK long/short is set to become a stock picker's market in the coming months, according to managers in the sector. Investors will move from wholesale defensive or aggressive positions to allocating their assets more selectively, they say.

Paul Findley, manager of Threadneedle's Crescendo UK Fund, is bullish about the sector and foresees long and short opportunities in 2004.

Investors were taking a very cyclical approach to placing their assets, he says, but now are beginning to invest in a more

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