They have a freakish ability in recent times of regularly losing money from a huge number of long / short bets!Will be interesting to see how efficient the trading is in ALF as the market further digests it tomorrow.Whilst they only report this monthly the daily NAV of their unlisted Watermark neutral product gets disclosed publicly. This trust seems to track the NTA of ALF very closely. Once again very close with the April number so today’s news wasn’t much a surprise after following that.
ALF Price at posting:
88.5¢ Sentiment: Hold Disclosure: Held
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