David Bulteel
“None of the funds in the portfolio made any progress during the month of October, in Euro terms. It was a month of exceptional volatility but the unwinding of the yen carry trade helped Polar Capital Japan and Atlantis Japan to the top of the leader board. Dexion Absolute IT, a London listed, multi-strategy, fund of hedge funds suffered from severe discount widening as market volatility created havoc in the hedge fund arena.”
AMOUNT (E) FUND
15,000 Fidelity European Bond Fund (European fixed int)
15,000 Thames River Euro Global Bond Fund (global fixed int)
10,000 Artemis European Growth Fund (European ex UK equity)
10,000 Fidelity European Equity Fund (European ex UK equity)
10,000 Gartmore Continental European Equity (European ex UK equity)
8,000 Schroder European Alpha Plus (European ex UK equity)
5,000 Dexion Absolute Fund of Hedge Funds
5,000 Threadneedle Euro High Yield Bond Fund (high yield bonds)
3,500 Polar Capital Japan Fund (Japan)
3,000 European Asset Value Fund (international specialist)
3,000 Merrill Lynch US Flexible Equity Fund (US equities)
3,000 Schroder UK Alpha Plus (UK equities)
3,000 UBS US Equity Fund (US equities)
2,000 Findlay Park US Smaller Cos (US small cap)
1,500 Atlantis Japan Growth Fund (Japan small cap)
1,500 JP Morgan Emerging Markets Equity Fund (global emerging)
1,500 Threadneedle Asia Fund (Asia ex Japan)
