Bernard Aybran
“Our balanced portfolio remained basically unchanged, except for a slight decrease of the French equity weight in favour of the pan-European equity. A new holding in European equity was added during May: JOHCM Europe Select Value, a continental Europe portfolio, managed in a pretty conservative way by a very experienced fund manager. We do not expect any dramatic change in the portfolio, except maybe some more aggressive bias at some point, if emerging markets were to experience a significant setback.”
Amount (E) Fund
20,000 MultiAlternatif Equilibre (fund of hedge funds)
7,500 Ecofi Actions Rendement (Europe Equity)
7,500 Franklin Mutual European Equity (Europe Equity)
7,500 New Star European Growth (Europe Equity)
7,500 Saint-Honoré Oblig Opportunités (opportunistic bonds)
6,000 CAAM Dynarbitrage International (Sovereign Debt)
5,000 Centifolia (French equity)
5,000 ING Emerging Debt Hard Currency (Emerging Debt)
5,000 ING US High Dividend (US Equity)
5,000 Kinetics Paradigm (US Equity)
5,000 ML US Focused Value (US Equity)
5,000 Oyster Europen Opportunities (Europe Equity)
5,000 Tricolore Rendement (French Equity)
5,000 Victoire Oblig Internationales (Global Fixed Income)
2,500 JOHCM Europe Select Value (Europe Equity)
