Ann: Monthly Performance Report - August 2022, page-5

I am afraid they have given up too.

FOR is now trading at a 10% discount. The agressive buyback that shrunk the discount from 15% to 5% has slow down.
Lack of liquidity or lack of conviction in their stock picking?

With the market cap of both domestic and international funds shrinking so as the team salaries.
The buyback is further reducing the size of the fund and as a result the fees.