HL Zeros defensive move

Hargreaves Lansdown fund manager Barry Golden is taking a defensive stance on the zeros Oeic he is running for the group. Golden, who has run the HL Zeros Fund since it launched in March this year, is looking to invest in instruments with a high level of cover and with a relatively short time period to wind up, such as M&G Recovery which he bought at 98p and which should wind up in the next few months a 102.5p. There are two themes playing in the portfolio at the moment. He said: 'We've taken a view to forfeit some gross redemption yield in favour of high cover. We are also concentratin...