Ann: Change in Portfolio Value, page-28

Agree H ! I think that anyone who bought into ALF purely on the basis of the discount to NTA, could be waiting some considerable time to see any real results. Lets hope this “rock star” rocks the boat for the better.
Its just very frustrating when you could get better results from the fund as someone has suggested, by having the entire amount in cash at bank interest.
One year can be forgiven, same result over two ? Raised eyebrows ! Same poor result over 3 ? What the hell are they doing ! More than that ? Dunno !