The second quarter experienced a sharp drop in offshore markets and the All Share Index fell 9% in sympathy. There were 3 main reasons for this fall: fiscal tightening in Europe; monetary tightening in China; and increased fears of deflation in developed countries. These factors have raised the risk of a double dip recession.
Centaur has substantially outperformed its benchmarks in the first half of 2010 with reasonable portfolio increases recorded across all composites in spite of a fall in the All Share Index.
Centaur Quantitative research has distilled key indicators which determine how best to allocate investments between competing asset classes This is another example of how Centaur's independent approach is assisting our clients in creating long term wealth.
Centaur started as a portfolio manager for individuals and this remains our largest business segment. Due to the individualised nature of the portfolio management
The Centaur Flexible Fund won the Raging Bull award for the best flexible fund over the 3 years to the end of 2007. Since inception this fund has outperformed its benchmark by 1.3% per annum.
