Karsan Value Funds: Q4 Results
Saj Karsan | Jan 04, 2013 06:22AM ET
Despite the fund's outperformance in the fourth quarter, it is worth mentioning that quarterly and even annual results in this business (where long-term capital appreciation is the goal) are not to be extrapolated. Results are better measured over decades than years, and as such this quarterly result is only one data point among many yet to come.
KVF's income statement and balance sheet are included below (click to enlarge). Note that securities are marked to market value, and amounts are in $CAD:
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