Peter Fitzgerald

“As market participants fret over the future of Greece, we remain focused on monitoring our underlying managers rather than trying to predict the unpredictable. UBS US Growth continues to do well despite participating in the Facebook IPO. Time will tell if their decision was correct. We sold our holdings in the JO Hambro Continental European Fund, preferring to allocate to the Neptune European Opportunities fund which takes bigger positions away from index. We also support the manager’s stance which is not to invest in any European Banks.”