I wonder what the ramifications and the effect on the overall performance of the fund will be to the rotating and revolving management changes ? I wonder also why Garry Hui ? left the business....I wonder if it was anything to do with his (perceived) swashbuckling investment style ?
Why and on what deals do you think they incurred the overall loss? Or was it a paper loss only ?
Pity they bailed out of APT........ it would have been a hell of a ride, but rewarding in the end !
Thet do seem highly reluctant to deploy that cash pile...... only time will tell if it was wise or not.
CVF certainly trading well below NTA.......
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