Christian Jost
“The first month of 2008 was affected by a high degree of volatility. The fluctuations can be attributed to the following event: following the negative macroeconomic indicators (increasing unemployment rate, higher inflation) in the US, France’s Société Générale announced a loss of E4.9bn due to speculative trading activities. The liquidation of many long futures positions on European equity indices aggravated the situation on the global stock exchanges. In this difficult market environment, we left the portfolio relatively unchanged and built up a cash position of 10 per cent.”
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 Cash
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
