I don't look at AAB as a mutual fund - I view it more as back door access to deals that I usually complain about on the other end. They put 4 mm into pre-IPO Crocodile Gold back in June - got 7.5 mm shares and 2.5 mm warrants in exchange. Post IPO Croc currently at 1.40, and undervalued at that. Doesn't matter how hard I look, I don't find many deals like that.
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