Marjolijn Breeuwer

“After restructuring our entire European model portfolio between the end of June and early August, no major changes have taken place. However, within the IdB MM Zeus absolute return fund there were some shifts: a decrease of holdings in Europe long/short managers and an increase of exposure to market neutral strategies (adding Cross Credit and Barclays Equity Market Neutral) and to aggressive strategies (adding the global macro fund Beach Capital).

Amount (E) Fund

30,000 Insinger de Beaufort Multi-Manager Zeus (fund of hedge funds)

12,500 ABN AMRO Europe Bond (European bonds)

11,100 AXA-Rosenberg US Equity Alpha (US large cap core)

11,100 Wellington US Equity Research (US large cap core)

7800 Pimco Total Return (US fixed income)

5400 Pimco Global Bond (global fixed income)

2500 Gartmore CSF Continental Europe (large cap growth Europe)

2500 Thames River European (continental-European large cap core)

2100 JO Hambro Continental European

1800 Martin Currie Japan (Japanese large cap)

1800 Polar Capital Japan (Japanese equity)

1700 Cambrian (US small/ mid cap)

1700 Thames River Global Emerging Markets (global emerg. mkts eq)

1500 Invesco Perpetual High Income (UK core)

1500 Liontrust First Income (UK core)

1400 Aberdeen Asia Pacific

1300 Cazenove UK Growth & Income

1200 Ashmore EMLIP (sovereign high yield)

1100 Pimco High Yield (corporate bonds)