Marjolijn Breeuwer

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From Fund Selection 01 May 2006

By PWM Editor

“We decided to further reduce our position in Liontrust First Income and add to our holding in Karen Robertson’s Standard Life UK Equity High Income fund. Within the alternatives category we added IdB Alchemy NV, run by David Williams. His objective is to achieve positive returns while reducing risk. Exposure to the financial markets will be gained through investment in a diversified and actively managed portfolio of European equities. This addition to the portfolio suits our philosophy that special skills and techniques are required to generate returns and preserve capital.”

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Marjolijn Breeuwer

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