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Weekly Update Report #32

January 25, 2019

 

From The Fund Manager

 

Dear Investors,

 

It has been a tough week, with less volatility than usual. As such, we have had a few failed hedges and they all but wiped out any profits for the week. However, this is the nature of trading. Not every week is a winner.

 

Great news today as we are finally able to announce the publishing of the audit. There has been a lot of man hours from both Every Capital and Countinghouse to get the audit ready for public consumption and to ensure that all relevant standards have been met. Please respect the work from Every and refrain from contacting them for small or immaterial questions.

 

Audit Report (January 2019)

 

Office renovation continue with delays around the air-conditioning. This has been the worst timing as Adelaide is experiencing it's hottest days on record, making it very uncomfortable for other tradespeople doing their renovation work. We will take some photos soon to share the progress.

 

The core team was in Melbourne this week to meet with lawyers and advisors around the establishment of the new fund. For the next few months, we will be going to and fro until it is all established. More detail to come as it arises.

 

Sorry for the brief letter this week, but it has been very busy here at the moment.

 

On behalf of the team I'd like to wish you and your families a safe and happy weekend!
 

 

Tim Dawson

Fund Manager
Countinghouse Fund

 

 

 

Weekly Performance

 

 

Market Activity Summary

 

Market Data Source: Thanks to @BazzWatkins

 

Photo Credit: Jakub Gorajek on Unsplash

 

 

 

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