Thursday, August 10, 2006

It's Nice When Losers Become Winners

Today's star is Challenger Infrastructure Fund. I bought into this fund which invests in infrastructure primarily in Britain soon after the IPO. One thing I liked about it was that the Challenger Investment Group and managers had put their own money into the fund. But it didn't do well and at one point I was down $A2000. Maybe it was because of the complicated structure that involved two payments for the shares - one at the IPO and one a year later. But today my investment finally came back into the black. The price is still below the IPO price but I bought more shares at a lower price. Funny thing is that the shares just started trading at a price that reflects the second payment and up it goes...

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