it is the ex-divi sell off mate, happens every year, runs up...

it is the ex-divi sell off mate, happens every year, runs up hard to the dividend, then sells off. The other reason is to do with the big falls in other similar funds, that use pairing strategies, long/short, such as AEG, Regal and Bennelong. Regal fell nearly 30% in a month recently, they are more aggressive. I think the smart players are predicting similar issues with ALF, as I bet they short similar stocks, eg resources etc.

My two cents with, I'll buy more under 1.40.