2 thoughts on “Update No. 336 – as at COB 30/06/20

  1. Lee says:

    Hi Tony. Thanks for the detailed FY20 review – always a good read. Interesting paragraph about potentially closing the fund should the FY21 returns not result in “meaningful out performance”. Personally I think 4 years is quite short term to judge an investment particularly given the circumstances of the past 3 months.

  2. Tony Hansen says:

    4 years is relatively short I guess, but with a go anywhere mandate, on a 3-5 year cycle, we should be delivering out-performance.

    The path is not set in stone, and provided we feel we’re providing a valuable service with a reasonable chance of achieving our aims, we will stick with it – Tony

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