Decade of Daddy Mirror Fund bi-weekly report
Another two weeks have gone by, and the market has spiked about with much zeal. Although the media play appears to have helped push up the unit price of the O’Leary Global Equities Income Fund (OGE-UN:TSX) by 10%, our Mirror Fund is doing very well, too. According to Dragon Terence Kevin O’Leary, the assets of his vehicle (aka the Decade of Daddy Fundï¿½) are “up” as well (see prior post “Oï¿½Leary talks up his own book part 2” August 5-08).
Weï¿½ve made money in:
BMO (+17%), Bristol Myers (+3.6%), BNS (+11%), CIBC (+11.8%), JP Morgan (+24.9%), Eli Lilly (+1.6%), Duke (+0.2%) and MKS (+5.6%).
In the red column:
CDN Oil Sands Trust (-4.9%), Merck (-7.9%); Spectra Energy (-6.4%) and Teranet (-5.9%).
On the whole, we are up 4.9% since the portfolio was launched on July 2nd. During the same period, the Dow Jones Index is up 2.4%. Of the $40 million we set aside, $11.4 million remains in cash. Perhaps we should get that cash to work (as KO says, Daddy’s got to get paid).