Peter Fitzgerald
“We made no changes to the asset allocation which is 45 per cent equities, 45 per cent alternatives and 10 per cent fixed income. We used the equity correction to simply rebalance the portfolio to this allocation and we are satisfied that our managers are delivering good returns despite the turbulent markets. If you lend lots of money to people with poor credit histories in a rising interest rate environment, you will generally have some trouble, but the main issue this time is that nobody really knows where those liabilities are. We have no exposure to subprime debt and do not seek to invest in credit focused hedge funds.”
Amount (E) Fund
10,000 Artemis European Growth
10,000 IdB Equity Income
10,000 ARS - Market Neutral
10,000 ARS - Directional Managers
7,500 Advent Global Convertibles Securities Strategy
7,500 IdB Alchemy N.V.
5,000 ABN AMRO Europe Bond
5,000 Pimco Total Return
5,000 JPM Highbridge Statistical Mkt Neutral
4,500 Invesco Perpetual High Income
4,500 AXA-Rosenberg US Equity Alpha
4,000 Henderson Pan European Smaller Companies
4,000 IdB Real Estate Equity
3,000 Schroder Tokyo
3,000 JPM Emerging Markets Alpha Plus
2,000 Aberdeen Asia Pacific
2,000 First State Asia Pacific Leaders
2,000 Cambrian
1,000 Genus 15
