Pierre Bonart
“The overall fixed income exposure of the portfolio has been significantly reduced in favour of L Multi Hedge, a multi-strategy fund of hedge funds which aims to deliver 2 to 4 percentage points above the money market rate, with a long term volatility of 2.5 per cent. Our goal is twofold: first the search for an alternative to fixed income which appears to be less attractive due to the current level of interest rates ; second to improve our risk reward by introducing an asset class with a very low correlation with bonds and equities.”
Amount (E) Fund
20,000 L Multi Hedge
12,000 Legg Mason America Value
11,000 WP Select Growth (US Conservative Growth)
10,000 Louvre Multi Select Global Bond Fund
10,000 Comgest Asia
7500 Croissance Euro Actions (Euro Growth Equities)
5000 OPA Monde
5000 Credit Suisse Asset Management Convertible Bond Europe
5000 AXA World Talents
5000 Agressor - La Financiere de l’Echiquier (small cap value)
3500 T Multivalor
3000 Wanger AM New America Small Caps
3000 Louvre Multi Select Emerging Equity Fund
