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Neal Kutner By Beverly Chandler, Opalesque London:

In a recent interview for Opalesque Radio with Sona Blessing, Neal Kutner, managing director of BNY Mellon Asset Management’s Swiss Representative Office (also responsible for business development in Switzerland, Austria, Liechtenstein and parts of Eastern Europe) explained the aims of the Real Return fund. “We wanted a product that outperformed inflation in the UK and what we try to do is to generate Libor or Euribor plus four investing in any traditional or non traditional asset class that allowed us liquidity.”

Kutner said that they have found that pension funds have been interested in the return that such products offer. “But pension funds do their own asset allocation” he says. “They do invest in absolute return products.” However, he feels that the difficulties with liquidity crunches in 2008 frightened many of them away. “We believe it’s possible to generate returns with liquid strategies” he says.”And they should be interested in the returns we have achieved over the last seven years.”

“In 2008 our strategy did well” says Kutner. “We invested in equities and fixed income and had insurance for the risk and so we achieved positive performance. The result was a 4 plus % positive return in 2008.”

“We don’t recommend a duration. We are dynamic in our asset allocation and we show how and where we were invested and we adjust. We have been 40% in......................

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