Peter Fitzgerald
“We use our own fund of hedge funds for the alternatives allocation and we were not affected by the declines in Amaranth as we sold our position in this fund over a year ago, due to a number of concerns. We have 10 years experience in hedge fund selection and have developed a detailed due diligence procedure. The main concerns we had with this fund were: management focus on asset gathering rather than asset management and a change in the investment process away from a convertible arbitrage background toward a multi-strategy trading business.”
Amount (E) Fund
10,000 ABN AMRO Europe Bond
9,000 Pimco Total Return
7,500 ARS - Market Neutral
7,500 ARS - Directional Managers
7,500 ARS - Long/Short
7,500 IdB Alchemy N.V.
6,000 Advent Global Convertibles Securities Strategy
5,000 Thames River Global Bond
4,000 Odey Pan European
4,000 Artemis European Growth
4,000 JO Hambro Continental European
3,000 IdB Equity Income
2,500 Invesco Perpetual High Income
2,200 Thames River Global Emerging Markets
2,000 Standard Life UK Equity High Income
2,000 Aberdeen Asia Pacific
1,900 Schroder Tokyo
1,900 Polar Capital Japan
1,500 AXA-Rosenberg US Equity Alpha
1,500 Wellington US Equity Research
1,500 First State Asia Pacific Leaders
1,500 Rodina Fund Ltd.
1,400 Cambrian
1,300 Cazenove UK Growth & Income
1200 Henderson Pan European Smaller Companies
1100 Genus 15
1000 Orbis Japan
500 Legg Mason Japan Equity
