Peter Fitzgerald
“We bought back into the Invesco Perpetual High Income Fund. We sold this fund in 2008 given our concerns for both Sterling and the UK economy. Following the fall of sterling against the euro, we believe this fund now offers value. The best return in December was from Odey Pan European. This was followed by the US equity managers who also delivered positive returns. The IdB Real Estate Long Short fund also managed a positive return. One of the poorest returns was from the Invesco Perpetual High Income fund, due to the currency issues. It was at this point that we invested.”
AMOUNT (€) FUND
10,000 ARS - Directional Managers
10,000 ARS - Market Neutral
10,000 Cash
10,000 MM European Bond
10,000 Pimco Total Return
7,000 AXA-Rosenberg US Equity Alpha
7,000 Wellington US Research
6,000 IdB Equity Income
5,000 Invesco Perpetual High Income
5,000 First State Asia Pacific Leaders
4,000 Nevsky Emerging Markets
4,000 Odey Pan European
3,000 Schroder Tokyo
2,500 Cazenove Euopean Absolute
2,500 Odey European Inc
