Robert Burdett

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From Fund Selection 01 September 2006

By PWM Editor

“An ugly month for markets means relative returns are all we can console ourselves with and our Asian selection was top quartile and funds in the bond arena did better. We have decided that as a single fund to represent Japan, Atlantis may not be appropriate in the short term. This fund goes and in comes JPMF Tokyo Alpha Plus managed by Osezawa-san with the flexibility to go highly liquid when deemed appropriate. Otherwise our current portfolio and weightings remain the same.”

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