WMK watermark market neutral fund limited

Prior to the recent tax 'adjustment', NTA pre tax was 91c and...

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    Prior to the recent tax 'adjustment', NTA pre tax was 91c and after tax was 92c.They then make their tax 'adjustment' and BOTH drop to 87c. Never having great faith in the way LIC managers present their performance figures, I've always played it safe and used the lower of the pre and after tax figures. Apparently not safe enough, so I'm down another 5%. Hopefully there will not be any more 'adjustments' made affecting the figure I go out with.
 
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