Graham Duce
“The fall out from the sub prime crisis continues to dominate equity and bond markets. While the majority of asset classes have witnessed the volatility associated with the credit squeeze, few investors have struggled more in this environment than corp-orate credit investors. Given current valuations and the longer term outlook for investment grade debt, we have increased our allocation. We are aware that the markets will remain volatile in the shorter term and flexibility along with excellent underlying credit selection will be vital. In this environment the highly regarded credit focused team at BlueBay should perform well and deliver strong absolute and relative returns.”
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 Melchior Select Japan Advantage
5,000 Blackrock Absoulte Alpha
5,000 Findlay Park US Smaller Cos (fundamental value small cap)
5,000 M&G European Leveraged Loan Fund (senior secured debt diversifier)
4,000 JPM Emerging Markets Alpha Plus (flexible total return emerging equity)
4,000 Thames River High Income (global credit flexible total return)
3,000 Veritas Asia
2,000 Cash
