Jupiter adds short option

The ability to short stocks has been added to the mandate of the £31.5m Jupiter Primadona Growth investment trust via its £200,000 trading subsidiary. Fund manager Paul Sheehan can short stocks he expects to fall following a restructure of the trust's trading subsidiary, which is primarily used to augment the trust's income account. Sheehan said: 'In rising markets it has added more money, but in the bear market we have dramatically cut back on its activities and it is a small part of what we do. But it does give us an extra option if the market were to recover and we felt more optimist...