Update No. 39 – 25/12/11

Merry Christmas, Feliz Navidad, Glædelig Jul, or whatever the ‘Seasons Greetings’are in your part of the world to readers.  I write from from Fiji, and will be home to Australia in 2 days, in the meantime, the current asset values are as follows. There were a couple of sharp moves against us this week, a week when the market scarcely budged and given our concentrated holdings, this meant we dropped behind the benchmark for only the third week in this period (since 1 July) and leave ourselves only 3 trading days to close the gap, my only comfort is a still handsome lead in the full 9 months of operation – Tony Hansen 25/12/11.

EGP Fund No. 1 Pty Ltd. Down by 11.87%, lagging the benchmark by 4.02% since July 1^st. Since inception, EGP Fund No. 1 Pty Ltd is Down by 4.47%, leading the benchmark by 7.08% all-time (April 1^st 2011).