ARG 1.03% $8.79 argo investments limited

I doubt very very much they would have lost more than a fully...

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    I doubt very very much they would have lost more than a fully invested equity LIC like Argo.
    HML are a hedge fund, thus they can utilise short selling or can move 100% to cash, or bonds
    or currencies, thus it is likely they would have returned POSITIVE returns during the GFC ,just like other hedge funds or market neutral funds did ( eg Bennelong absolute return fund ),
    whereas Argo would have fallen 50% along with the market.
 
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