WOW.. when you take a position, you certainly take a decent bite, considering it would have been substantially more before the sale. I have completed my fund investments and invested in Schroders Private Equity in our joint names rather than the SMSF. The Pengana High Conviction investment was spectacularly successful with a 3 month investment of $20K turning into $24500.00. Good returns, but fascinating what they delve into and the information you find out. Hyperion small companies had a 7% return for the month, but their biggest holding was WTC, so the effects of that remain to be seen. I think Eley Griffiths have been doing OK lately. Auscap is still in MIN, so that will be a worry for Tim. I remember you saying you had HMC and I listened to Tim talk about the entrepreneurial talents they had, put them on a watch list, but never pushed the button. Oh well, another one bites the dust. Good to catch up and thank you for your input ! Cheers PJ.
