Marjolijn Breeuwer
“US managers again receive less equity allocation, as we instead decide to up our percentage to Europe, UK, Asia and emerging markets. We added the Orbis Japan fund to the Japanese equity portfolio. Orbis Japan receives particular attention from Alan Gray (Orbis’ founder and chairman) himself, and as such has the benefit of his significant experience and expertise. All of the Orbis funds are built around a proven stock picking process that has delivered excellent alpha over many years. The focus on margin of safety has historically provided substantial downside protection.”
Amount (E) Fund
30,000 Insinger de Beaufort Multi-Manager Zeus (hedge fund of funds)
12,800 ABN AMRO Europe Bond
10,600 Thames River Global Bond
6,600 Pimco Total Return (US fixed income)
4,000 Artemis European Growth (continental-European core-quant based)
4,000 JO Hambro Continental European
4,000 Odey Pan European (Top-down pan-European)
3,000 IdB Equity Income (European equity)
3,000 Thames River Global Emerging Markets (equities)
2,500 Aberdeen Asia Pacific
2,500 Invesco Perpetual High Income (UK core income)
2,000 First State Asia Pacific Leaders (Asia ex Japan)
1,900 Polar Capital Japan (Japan equity)
1,900 Schroder Tokyo (Japan equity)
1,500 Genus 15 (continental European Long/Short)
1,500 Henderson Pan European Smaller Companies
1,500 Rodina (global US small/midcap, long/short)
1,400 Cambrian (US small/mid cap)
1,300 Cazenove UK Growth & Income (UK topdown)
1,300 Standard Life UK Equity High Income
1,000 Legg Mason Japan Equity (small cap)
1,000 Orbis Japan (Japan equity)
700 Liontrust First Income (UK core)
