anyone invested here, page-108

CDM, Karl Siegling is a pretty good operator. CDM is currently net long which is an interesting call at this point for the Australian market. But then I haven't looked at his portfolio in a long time. Still trading at a premium. Current yield 6.92% ff.

PGF, another good operator in Paul Moore and excellent portfolio performance in this strategy. Frustrating that the sp does not reflect this. I suspect the lack of divs is hampering movement. Solid discount.

WMK, Again solid management (Justin Braitling actually worked for Paul Moore at one point). MN strategy will return lower than L/S through the cycle, but may be a better call right at this point. Mild discount following sp rally. Current yield 4.3% partially franked.

If i absolutely had to choose between these three, I'd probably go CDM. But personally I'd probably consider ALF for a similar strategy with lower market exposure. Currently 6.8% ff. More scale, bigger reserves, good L/S strategy, currently net short the market.