Marjolijn Breeuwer
No major manager changes took place in the long-only section of the portfolio and also the structural asset allocation weights (30 per cent IdB MM Zeus, 42 per cent equity managers and 28 per cent fixed income managers) have remained intact. Changes were made to the portfolio of the multi-strategy absolute return fund IdB MM Zeus in the same period. The exposure to credit arbitrage was reduced rigorously and within the long/short segment we increased our exposure to the US.”
Amount (E) Fund
30,000 Insinger de Beaufort Multi-Manager Zeus (fund of hedge funds)
12,500 ABN Amro European bond (European bonds)
10,900 Wellington US Equity Research (US large cap core)
10,500 AXA-Rosenberg US Equity Alpha (US large cap core)
7500 Pimco Total Return (US Fixed Income)
6800 Thames River Global Bond (Global fixed Income)
3300 JO Hambro Continental-European (Large & mid cap)
2500 Thames River European (Continental-European large cap)
1900 Thames River Global Emerging Markets (emerging countries)
1600 Cambrian (US small/mid caps)
1500 Odey Pan European (Top-down Pan-European)
1500 Liontrust First Income (UK core)
1400 Polar Capital Japan (Japan equity)
1400 Aberdeen Asia Pacific (Asia ex-Japa)
1400 Henderson Japanese Equity (Japan equity all cap)
1300 Invesco Perpetual High Income (UK core (income)
1200 Ashmore EMLIP Sovereign high yield
1000 Cazenove UK Growth & Income (UK top-down)
1000 Henderson Pan European Smaller Companies (Japan large caps)
800 Legg Mason Japan Equity (Japan large caps)
