Christian Jost
“March 2008 was characterized by falling commodity prices and another interest rate cut by the FED. The recent commodity rally was abruptly reversed as the oil price plunged by 10 USD from its all-time-high of almost 110 USD and gold lost approximately 9 per cent from its peak price of around 1,000 USD. In order to prevent the US from sliding into a recession, the Federal Reserve Board cut the interest rate by 75 basis points to 2.25 per cent. We liquidated our commodity position and built up an exposure of 10 per cent (according to MSCI World) to the Japanese market.”
AMOUNT (E) FUND
12,500 Capital Invest Trend Bond
10,000 Julius Baer Absolute Return Bond Fund (total return global fixed income)
10,000 Ringturm Euro Bond
10,000 Springer European Plus
10,000 Threadneedle American Crescendo Fund Ltd
10,000 Vitruvius Japanese Equity (JPY)
7,500 Threadneedle Asia Fund
6,000 AMEX WF Local Currency Emerging Market Income
5,000 C-QUADRAT ARTS Best Momentum
5,000 Credit Suisse Bond Fund (Lux) Inflation Linked (Euro)
5,000 Schroder ISF US Small & Mid Cap Equity
5,000 Threadneedle American Select Fund
4,000 Man AHL Diversified Markets EU
