David Bulteel

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From Fund Selection 07 February 2010

By PWM Editor

“A rally in the US dollar in December meant that our American funds performed well in absolute terms. The fact that all three were above their sector averages was an added benefit – Findlay Park, the high achieving smaller company fund, was particularly strong. Asia and emerging market holdings were also strong. Dexion Absolute, the fund of hedge funds, also continued its recovery as the underlying market/asset class has stabilised.”

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