The NTA was $1.87 and unchanged from the previous week. This was exceptional outperformance against any index metric and not a word from anyone. The market dropped nearly 8% in the same week as we moved 0%. I had it calculated for -2% but the unknown longs and shorts have outperformed.
The known longs this week have slightly underperformed the NDQ & S&P500 but outperformed the MSCI all world by 1.4%. If we have the same outperformance as last week we will need to add up to 3% to the estimation below. Again this could be wildly wrong since A: I am posting this 9 hours before 5pm AEST and B: we only know half the holdings and C: Portfolio holdings may have been altered during the week. However, if we outperform again this week it could be a good sign. I think that will be 3 weeks in a row. A near-term rally looks likely but we do hold quite a bit of short. The VG1 NTA discount might be above 20% after Monday's formal NTA notification - where is that buyback robot?
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