Across the Gulf… and into the world
Limestone Asset Management launched its first fund, the New Europe Socially Responsible fund, in July 2008. Great timing: it was down 47% by December. But, that was 2.6 percentage points better than its benchmark, the Stoxx EU Enlarged Total Market index. And it made quite a comeback: when it ended 2009 up 83.1%, it left the index trailing by 42 percentage points – outperformance which it has built on since.
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IPE covers a good variety of very current and relevant topics. It is good to read the high-level, independent and objective perspectives from pension funds in other European countries; many of them are dealing with the same issues as we are, so it is interesting to learn from their experiences, especially when they are ahead of where we are on the curve.
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