Food for thought, page-19

Probably doesn't really matter but I posted the following to the wrong ALF thread:

Had a long hard look at this one, I didn't understand it and it appeared like smoke and mirrors to me so gave it a miss. Any exposure I've got to long/short/hedging stuff etc is via FGX which is enough. This is a quote from the latest FGX Investment Update and NTA:

Fund manager in focus: Watermark Funds Management
"Long/short investment strategies such as those employed by Watermark are more active in seeking to profit from the mispricing of shares and less reliant on share market appreciation."

I realise it's a bit simplistic, but what that's telling me is Justin Braitling and his "team of dedicated investment professionals" have to be a lot smarter than all the other investment professionals out there in identifying mispriced shares, and there are some pretty smart investment professionals out there. I'm assuming it's much the same with ALF. GLTA.

Link: FGX Investment Update and NTA as at 31 May 2015 Fund manager in focus: Watermark Funds Management