Marjolijn Breeuwer
“We continue to reduce our equity exposure to US managers and increase our allocations to Europe, Asia and emerging markets. Within the Japanese equity portfolio we decided to replace Henderson Japanese Equity with Schroders Tokyo. Andrew Rose, head of Schroders’ Japan team of analysts and fund managers, has been with the firm for more than 20 years. The valuation drivers of the Schroders process, combined with its relatively low turnover, make the Tokyo fund a good core holding for a Japan portfolio.”
Amount (E) Fund
30,000 Insinger de Beaufort Multi-Manager Zeus (hedge fund of funds)
12,800 ABN AMRO Europe Bond (European bonds)
8600 Thames River Global Bond (global Fixed inc. - absolute return)
6600 Pimco Total Return (US fixed income)
5500 AXA-Rosenberg US Equity Alpha (US large cap core. Quant driven)
5500 Wellington US Equity Research (US large cap core)
4000 GAM North American Growth (US all cap absolute return long only
3400 Odey Pan European (top-down Pan-European)
3000 JO Hambro Continental European (Continental-European fund)
2600 Thames River Global Emerging Mkts (equities - glob.emer.mkts)
2100 Invesco Perpetual High Income (UK core income)
2100 Aberdeen Asia Pacific (very close to Asia ex. Japan core)
1900 Polar Capital Japan (Japan equity, bias to midcap & growth stocks)
1700 Schroder Tokyo (Japan equity core)
1600 Thames River European (Continental-European large cap core)
1500 Rodina (focussed global ex-US small/midcap)
1400 Cambrian (very focussed US small/mid cap portfolio)
1400 Liontrust First Income (UK core income)
1300 Henderson Pan European Smaller Companies
1000 Genus 15 (Continental European focussed long/short
1000 Cazenove UK Growth & Income (UK top-down, flexible blend)
1000 Legg Mason Japan Equity (Japan small cap)
