NGE – The proposal to establish a LIC is set for later this month. If they had of gone about this the right way (e.g. combine with some cornerstone investors to double the size paying NTA, detailed presentations highlighting management expenses and investment strategy) perhaps I could have supported this.
Period 2nd half January 2016, written Jan 27th.
I deployed a little bit of physical cash in the period but it didn’t meaningfully change the asset allocations. Agricultural stocks got swept down in the January weakness so I got filled there and in an overseas property play. Continue reading “Stabilzation, for now..”