Lionel De Broux

“During August we have seen a massive flight to quality. In that context, all the risky asset classes have delivered negative performance. Even if most of them have performed in line with their benchmarks, the performance of all our equity funds was negative. Bonds funds were the best performers, but this has also been supported by the strong return delivered by our hedge fund exposure in particular DB X Platinum and GAM Star EM Rates. We remain confident in our actual allocation, and maintain our bets into alternatives VS Fixed incomes and diversified.”