AMOUNT () FUND
15,000 BlueBay Investment Grade (European corporate)
14,000 Thames River Global Bond EUR (Global sovereign fixed)
10,000 Templeton Asian Bond Fund (Asian bond/currency)
9,000 Martin Currie North American Alpha (US equity)
5,000 Resolution Hexam Global Emerging Markets (GEM equity)
5,000 Mainfirst Avant Garde (Pan-Euro equity)
5,000 JPM US Select 130/30 (US equity)
5,000 JO Hambro Capital Continental European (Euro Ex-UK equity)
5,000 Findlay Park US Smaller Companies (US equity)
5,000 Blackrock Absolute Alpha (absolute return)
4,000 Thames River High Income EUR (global credit)
3,000 Veritas Asian Fund (Asia Pacific equity)
3,000 Melchior Select Japan Advantage (Japanese equity)
3,000 GLG Japan Core Alpha (Japanese equity)
3,000 Gartmore European Absolute Return (Euro ex-UK equity)
3,000 CF Walker Crips UK High Alpha (UK equity)
3,000 Cash (money markets)
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Graham Duce
01 June, 2009
“With the return of investor risk appetite during April, the strongest gains came from emerging equity markets and Asian equity markets. Accordingly, our positions in the Ignis Hexam Global Emerging Markets and Veritas Asian funds have proved fruitful. In light of the significant rebound in equity markets we have decided to reduce our directional exposure to Europe. We have made a partial disposal in the JOHCM Continental European Fund and switched the monies into the recently launched Gartmore Absolute Return Fund. This Ucits III vehicle will follow a similar strategy to the very successful Gartmore AlphaGen Capella hedge fund.” |
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