Guy Ester
The Panel “We have replaced the core UK holding in the HSBC UK Equity Fund with the Barclays Global Investors UK Equity Fund following Tim Russell’s decision to leave HSBC. Tim Russell and other important team members that have left HSBC will be running an identical portfolio with Cazenove from early next year. Our current stance would be to reinvest with Tim Russell once he is up and running in his new environment. Until this time we have indexed this portion of the portfolio.” The investments Amount (E) - Fund 30,000 - Insinger de Beaufort Zeus (OS) Fund (fund of hedge funds)
12,870 - ABN Amro Europe Bond Fund
12,000 - Wellington US Equity Research
9000 Credit Suisse US Equity
8500 - Pimco Total Return Fund (bonds)
6200 - Pimco Global Bond Fund
3060 - Gartmore CSF Continental Europe (predominantly large-cap growth)
3060 - Thames River European Fund (Continental European large cap)
2800 - Cambrian Fund (US small and mid caps)
2600 - Barclays United Kingdom Equity Fund (UK core passive)
2500 - Martin Currie Japan (large caps)
1520 - Fidelity European Growth Fund
1300 - Ashmore EMLIP (Sovereign high yield)
1300 - Pimco High Yield Fund
1150 - SVM UK Growth
1080 - Merrill Lynch Japan Opportunities (Japan small cap)
1060 - Aberdeen Asia-Pacific (equities)
