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Queens Road annual report

Received this report this morning.
The Value fund looked to be purring along, although I don't happen to own.

On the other hand the SCV fund which I own seemed to be holding almost 20 % in short-term assets ! Also noted was performance with its bogie , 17 % VS 27 % Is it time to look else where or did transfer of management hurt in the short term, I'm thinking so !
Trying to stay Kool, Derf


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