Peter Fitzgerald

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From Fund Selection 01 April 2007

By PWM Editor

“We believe it is essential to compliment equities with alternatives such as hedge funds. We have seen many changes in the hedge fund universe over the past 10 years and are of the opinion that it is now more appropriate to categorise managers as either having a directional bet or not and hence we have merged the long-short fund into the directional/market neutral funds. On the equity side, we removed the JO Hambro Continental European Fund and invested the proceeds between our existing European managers: Artemis with its momentum bias and the value discipline of the IdB Equity Income Fund.”

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