AMOUNT () FUND
18,000 BGF Global Allocation Fund A2 USD (asset allocation neutral)
15,500 Sinopia AF GBMN 300 € (bond global)
15,500 Templeton Global Bond A MDis USD (bond global)
8,000 BGF US Flexible Equity Fund A2 USD (equity USA)
7,000 DWS Global Value (equity global)
7,000 Sparinvest-Global Value EUR R (equity global)
5,000 Investec American A Acc Net (equity USA)
5,000 UBAM Neuberger Berman US Eq Value (equity USA)
4,000 DWS Invest Convertibles LC (convertible global)
4,000 Henderson HF Pan European Equity A2 (equity Europe)
3,000 Cazenove Pan Europe B EUR (equity Europe)
3,000 JPMorgan - Highbridge Statistical Market Neutral (statistical arbitrage)
3,000 OYSTER European Opportunities EUR (equity Europe)
2,000 JPM Global High Yield Bond A Acc EUR (high yield)
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Georges Wolff
01 March, 2009
“We decided to redeem our position in the GAM Star Japan Equity. This change is not due to any specific issue with the fund. We initiated that trade in order to reduce our exposure to the Japanese market. For the time being we are comfortable with the Japan equity exposure that we have in our portfolio via our investment in the global equity funds. The proceeds of the sale have been invested in JPMorgan – Highbridge Statistical Market Neutral. This should offer more de-correlation in this uncertain market environment.” |
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