The thing that gets me about CDM and its manager is that they say their process is proven to work and generate alpha by scaling in and out of positions etc yet their performance or actions don't match their talk. Also, the new opportunities fund was meant to work in shorter duration trends yet it was only done around 5% in the past six months in a greatly trending up market and I once again question this great process.
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- Ann: Investment Update and NTA June 2019
Ann: Investment Update and NTA June 2019, page-2
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