Marjolijn Breeuwer
“We decided to further reduce our position in Liontrust First Income and add to our holding in Karen Robertson’s Standard Life UK Equity High Income fund. Within the alternatives category we added IdB Alchemy NV, run by David Williams. His objective is to achieve positive returns while reducing risk. Exposure to the financial markets will be gained through investment in a diversified and actively managed portfolio of European equities. This addition to the portfolio suits our philosophy that special skills and techniques are required to generate returns and preserve capital.”
Amount (E) Fund
30,000 Insinger de Beaufort Alchemy NV (Europe long/short)
12,800 ABN AMRO Europe Bond (European bonds)
10,600 Thames River Global Bond (global fixed income - absolute return)
7,500 ARS - Market Neutral (hedge F0F; market neutral managers)
7,500 ARS - Directional Managers (hedge FoF; directional managers)
7,500 ARS - Long/Short (hedge FoF; long/short managers)
6,600 Pimco Total Return (US Fixed Income)
4,000 Artemis European Growth (Continental Euro core - quant based)
4,000 JO Hambro Cont European (large- & midcap blend, pragmatic)
4,000 Odey Pan European (top-down pan-European. Theme driven)
3,000 IdB Equity Income (European equity - high dividend)
3,000 Thames River Global Emerging Markets (equities - global EM)
2,500 Aberdeen Asia Pacific (Asia ex. Japan core)
2,500 Invesco Perpetual High Income (UK core - income)
2,000 First State Asia Pacific Leaders (Asia ex Japan core)
1,900 Polar Capital Japan (bias towards midcap and growth stocks)
1,900 Schroder Tokyo (Japan equity core)
1,500 Genus 15 (Continental European focussed long/short)
1,500 Henderson Pan European Smaller Cos (pan Euro small caps
1,500 Rodina Fund (focussed global ex-US small/midcap. Long/short)
1,400 Cambrian (very focussed US small/mid cap portfolio)
1,300 Cazenove UK Growth & Income (UK top-down)
2,000 Standard Life UK Equity High Income (UK core - income)
1,000 Legg Mason Japan Equity (Japan small cap)
1,000 Orbis Japan (Japan equity)
