Ouch! 10 awful calls from 2020

There are some trades that so fill us with joy we become like a proud parent championing their children's sporting achievements, talking the ear off family and friends, neighbours and colleagues, lovers, enemies - anyone who will listen.

Then there are those that make us sweat, keep us up at night, and force us to reflect on how it went all so very wrong. 

As part of our annual Outlook Series, we asked 10 of Australia's most talented fund managers to share their worst trade from 2020. From aircraft stocks plummeting to capital-raising opportunities foregone, from selling too soon to missing out on a sector rally, the fundies candidly reveal the trades that caused them both headache and heartache during the year just passed - and whether they believe the stock will be able to turn around over the coming 12 months. 

Our featured experts include:

• Matthew Booker, Spheria Asset Management
• Kelli Meagher, Sage Capital
• Vihari Ross, Magellan
• Chris Demasi, Montaka Global Investments
• Dr Bianca Ogden, Platinum Asset Management
• Olivia Salmon, Lennox Capital
• Ben Clark, TMS Capital
• Matthew Kidman, Centennial Asset Management
• Julia Weng, Paradice Investment Management
• David Allingham, Eley Griffiths Group