David Bulteel
“January proved to be another volatile month for equity investors but some relief was felt in peripheral areas like high yield bonds and funds of hedge funds. The former currently enjoys better liquidity and lower exposure to financial bonds than their investment grade siblings. On the fund of hedge funds front, discount narrowing helped the track record Dexion Absolute IT after a pretty torrid 2008. Schroder UK Alpha Plus has struggled over the last few months, mainly due to the fund’s exposure to banking and mining, but we have high conviction with the manager and his ability to improve returns.”
AMOUNT () FUND
15,000 Fidelity European Bond Fund (European fixed int)
15,000 Gartmore Continental European Equity (European ex UK equity)
15,000 Thames River Euro Global Bond Fund (global fixed int)
13,000 Schroder European Alpha Plus (European ex UK equity)
10,000 Fidelity European Equity Fund (European ex UK equity)
5,000 Dexion Absolute Fund of Hedge Funds
5,000 Findlay Park American Smaller Cos (US small cap)
5,000 Polar Capital Japan Fund (Japan)
5,000 Threadneedle Euro High Yield Bond Fund (high yield bonds)
3,000 Blackrock US Flexible Equity Fund (US equities)
3,000 Schroder UK Alpha Plus (UK equities)
3,000 UBS US Equity Fund (US equities)
1,500 JP Morgan Emerging Markets Equity Fund (global emerging)
1,500 Threadneedle Asia Fund (Asia ex Japan)
