After holding WES for a little over a week, we sold the position today at $17.60. We realized a gross return of 13.62% which added approximately 2.4% to the value of your portfolio. Continue reading »

By now you have all seen your contract notes indicating the sale of OZL, so we wanted to focus in this note on the details of the bid, and to outline our reasons for selling into the first day of trading and not holding for the takeover or a potential counter offer. Continue reading »

There have been a number of positive developments in the market which I will outline below that, until now, have not been obvious enough for us to re-enter further equities positions. Continue reading »