As investors are aware, the Fund is in termination and continues to be wound up. Based on information received from the underlying management, the aggregate value of the Fund’s remaining assets is estimated to be approximately $0.1278 per Class A unit as at 30 June 2011.
The Investment Portfolio
The original investment objective of the Fund was to invest in a diverse portfolio of yielding investments primarily originated by Babcock & Brown. As a result of market conditions and the demise of Babcock & Brown, the Fund is currently being managed to preserve value, realise assets where appropriate and return capital to unitholders.