Ann: Daily share buy-back notice - Appendix 3E, page-45

Ahh ! Justin. You’ve done it again !

Snatched defeat from the jaws of victory !

“After a promising start to the quarter, performance deteriorated in June. There was a notable dispersion in returns between the directional and market neutral strategies. With a greater exposure to the rising market early in the period, ALF delivered a net return of 0.4% while the domestically focused market neutral portfolios fell by between 0.4 and 0.7%. WGF’s international portfolio also performed well in April and May before losing ground in June, finishing in positive territory at 0.6% for the quarter after all fees.”

All this bad luck !!!! You’d never go halves with Justin in a lottery ticket !