The weekly performance is again -ve for the known long positions bar 2. IAC was recently added. Hard to say but the long return looks worse than the Vanguard all world. Shorts performance is unknown and fund was 38% short at last notice
VG1 holds what appears quality businesses yet the apparent underperformance is hard to swallow. The monthly statement and IPO advertise a targeted return of 10-15%p.a. after all fees and expenses over a period of more than 5 years. One wonders in bewilderment what that "period" is since I am sitting on 00.002%p.a. return (capital loss +grossed up divs) total in nearly 5 years. I've paid many thousands in management and performance fees for apparently nothing other than disappointment. The February announcement offers no clarity on why the continued underperformance. The 18th of September 2022 is the five-year anniversary for VG1. One wonders what the next five years will bring.
VG1 Price at posting:
$1.71 Sentiment: None Disclosure: Held
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