The property bully versus the bear

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Woe betide the high profile property bear in a country ruled by Domianfax:

The funds management firm that sold everything and returned the cash to investors citing a looming market correction was unprofitable as at November 2016, according to an analyst report.

In Lonsec reports dated November 2016 and obtained by Fairfax Media, the industry rating agency ascribed an “investment grade” rating to both the Altair Income and Advantage Funds, which were liquidated in May.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.