Gary Potter and Rob Burdett
“January saw difficult market conditions continue. The fact that 10 of our 12 fund selections outperformed their peer groups was cold comfort but key weightings in defensive holdings such as BlackRock Absolute Alpha and Thames River Global Bond mitigated the poor returns overall to a degree, as both once again rose in value. We retain our current portfolio structure and selections in the expectation they will use their experience and flexibility to profit from the current difficult markets.”
AMOUNT (E) FUND
15,000 Blackrock Absolute Alpha (UCITS III narrow long-short equity; absolute returns
10,000 Findlay Park US Smaller Companies (quality value driven small and mid-cap; US equity)
10,000 Invesco Sterling Bond (flex sterling fixed income; sterling fixed)
10,000 Thames River Global Bond EUR (total return global short duration; global sovereign fixed
10,000 Thames River High Income EUR (active top-down/bottom up E-hedged; global credit)
8,000 Coupland Cardiff Japan (flex absolute return-driven; Japan equity)
6,000 Cazenove European (business cycle relative value; Euro ex-UK equity
6,000 IVI European (intrinsic value-driven cash flow focus; pan-Euro equity
6,000 JO Hambros Capital Management European Select Values (intrinsic value/special situations; euro ex-UK equity)
6,000 Nevsky Global Emerging Markets Fund (directional long-onlyequity; GEM equity)
5,000 Rensburg UK Managers' Focus (focus fund pooling 4 managers’ best ideas; UK equity)
4,000 Old Mutual Dublin UK Select Smaller Cos (capacity limited UK small-cap top-down/bottom up; UK equity)
4,000 Veritas Asian Fund (real return Asian equity; Asia Pacific equity)
