That's a very sinister thought! Whilst I enjoy a conspiracy theory, a number of funds (eg unlisted managed funds) have had liquidity issues associated with hedging international exposures. I think we were probably lucky that they appear to have had cash on hand to meet the hedging costs, thus not needing to call on funds from underlying managers and incur penalties.
I bought more at 95 cents today....so much for waiting for the detail...at that price, I can't see any downside, IMO.
EBI
everest babcock & brown alternative inv trust
That's a very sinister thought! Whilst I enjoy a conspiracy...
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