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Extent of capital losses revealed
Tuesday 1st of August 2000
The true extent of the capital losses in some of the older Waltus syndicates has been made clear in documents accompanying a proposal to merge 29 of the syndicates into one fund.
The documents shows that 19 of the funds have experienced capital losses, and in some cases the value of the minimum initial $5,000 investment has been nearly halved.
To ensure fairness in the merger propos...
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