Guy Ester

The panel Within the fixed income portfolio we have replaced Lazard’s European high yield product by the Pimco High Yield Bond Fund. Pimco has one of the most exceptional long-term track records in the fixed income sector. The alternative investments portion of the portfolio was increased from 20 per cent to 30 per cent. Our main instrument is the IdB Zeus (OS) Fund, which has appreciated slightly over the past year, despite the losses in the major markets. Looking forward, we do believe that the worst is over, however, we also believe that the environment will remain volatile and difficult to navigate successfully.” The investments Amount (E) - Fund 150,000 - Insinger de Beaufort Zeus (OS) Fund (Fund of hedge funds) 64,350 - ABN AMRO Europe Bond (European Bonds) 45,000 - Credit Suisse US Equity (US large cap with value bias) 42,500 - Pimco Total Return Fund (Bonds) 31,000 - Pimco Global Bond Fund 15,000 - Gartmore CSF Continental Europe (Europe ex-UK large-cap growth) 14,000 - Cambrian Fund (US small/mid cap) 15,300 - Thames River European Fund (Continental European large cap) 13,000 - HSBC UK Equity 12,500 - Martin Currie Japan 7600 - Fidelity Funds - European Growth (Pan-European equity) 6500 - Pimco High Yield Fund (European corporate bonds) 6500 - Ashmore EMLIP (Equity) 5750 - SVM UK Growth 5400 - Mercury ST Japanese Opps (Equity) 5300 - Aberdeen Asia-Pacific (Equity)