Graham Duce
“The landscape in financial markets changed dramatically during September. The speed at which corporate events occurred and the impact on both the credit and equity markets was remarkable. We continue to find attractive opportunities for longer term investors and continue to invest in exceptional fund manager talent. We remain focused on managers who have the flexibility to perform in challenging market conditions and remain happy with the portfolios underlying holdings and managers. However we feel that in this environment the leveraged loan market remains temporarily weak so have sold our position in favour of cash until we have more clarity.”
AMOUNT (E) FUND
19,000 Thames River Global Bond (Total return OECD bonds)
10,000 BlueBay Investment Grade Bond (Total return senior credit Fund)
10,000 Mainfirst Avant Garde (Pan-European growth concentrated equity)
10,000 Templeton Asian Bond Fund (Asian bond & currency fund)
9,000 Martin Currie North America Alpha
8,000 JO Hambro Capital Markets Continental European (Continental European blend sector driven equity)
6,000 Cash
6,000 Melchior Select Japan Advantage
5,000 Blackrock Absoulte Alpha
5,000 Findlay Park US Smaller Cos (fundamental value small cap)
5,000 Resoultion Hexam Global Emerging Markets ( Actively trading emerging markets)
4,000 Thames River High Income (Global credit flexible total return)
3,000 Veritas Asia
