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Multi-asset fund Fulcrum ‘taking on more risk than normal’ to ride virus volatility

The fund's CIO told Financial News that it's trading gold and currencies as it expects 'tough times ahead'

Multi-asset fund Fulcrum ‘taking on more risk than normal’ to ride virus volatility
Photo: Getty Images

Fulcrum Asset Management, the multi-asset £5bn investment manager co-founded by former Goldman Sachs partners Gavyn Davies and Andrew Stevens, is reaping gains from riding the coronavirus-driven market turbulence.

Fulcrum's flagship Diversified Absolute Return fund was up 7.5% until 20 April, according to a person familiar with the situation.

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