The Global Navigator fund was launched on 6 September 2011 and is managed by Peter Doherty, previously at Goldman Sachs and Bank of America.
The fund, which has a target return of 6 – 8 % pa after fees, invests in bonds and currencies with a 6 – 18 month horizon and is hedged against risk aversion.
Ranked third out of a total of 192 on and offshore funds according to fund website Trustnet on 7 September 2012, Doherty said: “Back in the final quarter of 2011 we decided to invest heavily in insurance company bonds, for example, Legal & General and Aviva, both of which were posting good results and improving their balance sheets.”
