06.05.2025

• Portfolio adjustments: Equity investments decreased to 59.7%, bond exposure decreased to 25.0%
• In April, Belvoir Global Allocation Fund lost 0.36% in EUR and 0.54% in CHF; YtD the fund is down 1.39% in the EUR tranche, while the CHF tranche lost 2.30%

Read more about the Belvoir Global Allocation Fund in the current Monthly Update written by the CFO Alexandre Weintraub.