Mate, ALF IS 100% equity exposure... its just the mix of longs...

Mate, ALF IS 100% equity exposure... its just the mix of longs and shorts... in fact its a lot more than 100% exposure ! As I said, I have been in ALF since 2009 when it DID perform, but since then the management and philosophy of the fund has changed.

	{caption}Total Shareholder Return (avg annual rate){/caption}
1	1yr	3yr	5yr	10yr
2	-16.2%	-2.1%	-1.2%	10.1

rubs, you've got me confused ! If you take a 5-7 year time frame, how then have you made money from ALF in the last 5 years ? As I said, I have held since 2009, but as shown in the above table, you wouldn't have even got your money back in the last 5 years !
Signed..... confused.........
(Each to their own !)