Melbourne Cup update

	Australian Leaders Fund (ALF)	15% discount	This LICs form, along with stablemates WMK and WGF has been terrible. Given track conditions over the past year (until last month) this is not overly surprising. It’s a wet weather specialist and stewards have reduced the number handicap even further to a 15% discount. Still not showing any pace, however at least it’s not running backwards anymore. On the right track it may have a chance. Trainer has indicated that they may use some other training methods if results don’t improve.