Philip Hardy and Nick Shenton, Polar Capital

Conviction views on fundamental valuations and thorough understanding of risk-reward profiles are crucial when implementing short trades because they consume an ever-increasing proportion of one's risk budget if the shares rise rather than fall.

Due diligence, scenario analysis and constant reappraisal of the veracity of one's assumptions are ways to minimise potential for such an outcome.

In the current market context of heightened volatility, however, the single most important factor to consider

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: