Depends on the length of the 'cycle' i suppose.....loss of dividends hurts.....
AEG WAA WGF WMK are my current non correlated (as you say ) choices ....i guess market neutral doesn't really describe Watermark at the mo......more like market -ve......sadly......
ALF are sitting at a nice discount to NTA....Need to re-instate dividend to get attention imo.....
ALF Price at posting:
$1.01 Sentiment: Hold Disclosure: Held