Ann: Change in Portfolio Value, page-7

ALF Market Neutral ?    The only thing  that is neutral about ALF are any profits or returns to shareholders,
As long as JB continues at ALF, everything will continue to be neutral..... the thought and investment process, the returns, and his inflexibility to adapt and accept that he was wrong.   Blows me out of the water that a fund manager with something like $300m can stuff things up for so long, and not change.
ALF considered a safe stock ?   I’d sooner take a chance at a Casino or Cannabis stock... the chances would be better !