"Sebastian Evans cheerfully admits a client called him a lemon picker recently. He says it comes with the territory when a fund takes on risk when investors are risk-averse. But he’s only been picking lemons for a year. Evans, 26, is at the helm of NAOS Asset Management, a small-cap hedge fund that has had incredible success under his watch"
Evans became fund manager of NAOS at age 22. NAOS is down 32% over the past year (and dare I say down a lot more since 30 June). Funds under management are 25 million. No mention of PYC.
I notice we are now in September and NAOS haven't updated their website with a monthly report since the June report.
The above info provides me with even greater comfort that NAOS have no idea what they are doing. Those who picked up the dump have bought well.
All we need now is the start of some deal announcements.
PYC Price at posting:
2.6¢ Sentiment: Buy Disclosure: Held
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