"We estimate that the gross portfolio of Watermark Market Neutral Fund Limited decreased in value by approximately 2.77% in November 2018 (before fees and taxes), the RBA cash rate increased by 0.12% during the same period."
These guys are utterly hopeless. Strong market, weak market, they just can't spin a m/m gain.
(I hold a nominal qty only.)
"We estimate that the gross portfolio of Watermark Market...
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