Portfolio Update August 2009

Portfolio Cumulative Return since 2007 : -0.06%
Equity Cumulative Return since 2007 : +3.47%
Dividend/Coupon/Interest received for 2009 : SGD$64,061

P/S :
1) Bought into SHK Corporate Arbitrage Fund with John paulson as underlying Fund manager.
2) Tendered SPC shares for a total gain of 90%.
3) Renewed Aud deposit for 3 months at 3.05%.
4) Sell out of Cathay Pacific Bond yielding 3.8% and intend to use the money to buy into equities yielding more than 5%. Current portfolio is yielding sub-2% level as a portion of the portfolio is in non-dividend paying funds.
5) Speculative play on Citigroup at average cost of $4.40.