Robert Burdett

“Over the month our portfolio suffered the resignation of Paul Griffiths, head of global fixed interest at Investec and manager of the Global Bond Fund. Although we have confidence in the team left behind, this event co-coincided with a new opportunity in the form of the recently launched Thames River Global Bond Fund. This fund differs from the competition by focusing on absolute returns from a portfolio of just OECD government debt and index-linked bonds.”

Amount (E) - Fund

14,500 - Fidelity Funds European Bond Fund

12,500 - Gartmore CSF European Bond

11,675 - Gartmore CSF Continental Europe (small cap)

11,675 - Investec GSF Continental European Equity

11,650 - Henderson Horizon Continental European Equity

10,000 - Baring European Bond Fund

9400 - Cash

5375 - Credit Suisse USA Equity

5375 - GAM Star American Focus (equity)

3200 - Lazard UK Equity

2650 - Mellon Newton Asian Equity Portfolio

2000 - Martin Currie Japan Fund (equity)