re: Ann: Net Tangible Asset Backing as at 30 ... EAIT Monthly report is out...after talking about better disclosure for 18 months or more, they have finally taken the first decent steps towards achieving it.
http://www.everest.com.au/user_files/File/EAIT%20June%
202009%20Factsheet.pdf
Good news is that direct investments are around 11% of net assets. Bad news, gearing is still very high at 57% for fund of hedge funds, on top of gearing within hedge funds.
re: Ann: Net Tangible Asset Backing as at 30 ... EAIT Monthly...
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