Via the hedge fund Horseman Global:
Your fund lost 1.32%. Losses on the long book where not compensated by gains in the short book and currency book.
I started working for UBS Private Banking in Sydney on Valentine’s Day 2000. I still remember going to my first morning meeting and being introduced to the model portfolio for clients. At the time, the international portfolio included Broadcom, Worldcom, Nortel Networks, Vodafone, Nokia, Sony and NTT Docomo among others. All the talk was about the internet, mobile phones, media companies, routers, switches and other things I knew nothing much about. I was so taken with technology, that I ploughed my first pay cheque into a bunch of Australian technology stocks. Of course, they then fell to more or less zero.