Ann: Ceasing to be a substantial holder, page-32

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TobyCrew

607 Posts.

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21/07/21

13:58

Post #: 54661574
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Originally posted by reg9400: ↑

Don’t overthink it…..

Hi

See below for this month’s Waterhouse VC Fund newsletter.

The Fund specialises in gambling assets and businesses that are related to the gambling industry. The Waterhouse family has been involved in gambling and related industries for over 100 years, and the family’s experience, contacts, and capital provide opportunities that most funds would not appreciate or have access to.

Since inception in August 2019, the Waterhouse VC Fund has achieved a total return of 1,728% (assuming the reinvestment of all distributions). The unit price is $18.27, as at 30 June 2021. See our long-term performance table at the end of this newsletter.

With the completion of a second financial year of performance under our belts, this newsletter will review the contributors to the Fund’s performance, key successes and errors during the financial year, our approach to portfolio construction, and the exciting opportunities that we believe could contribute to future outperformance.

Performance figures

“As a result of overdiversification, their (active managers) returns get watered down. Diversification covers up ignorance.” – Bill Ackman

The fund returned gross performance of 483.6% over FY21, outperforming all major global indices. The largest contributor to fund performance was BetMakers. BetMakers has now appreciated 1,674% since our first investment. Our portfolio turnover ratio was very low at 2.8%, reflecting our strategy of buying great businesses with excellent management teams and our intention of holding for the long term.

Waterhouse VC Fund FY2021 Performance by Quarter

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haha sorry reg. looks like your copping it in a few comments. You can explain in to them all you want and get no where. You literally spelled it out for everyone yesterday and they still choose to make up their own narrative.

BET Price at posting: 94.5¢ Sentiment: Buy Disclosure: Held
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Ann: Ceasing to be a substantial holder, page-32

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