After three months investing in a bearish market the FI Fund has finally succumbed and slipped into the negative territory. I have updated the spreadsheet and PDF file and you can see them on the portfolio page.
The following graph highlights why I’m still feeling good about the performance thus far. The FI fund is kicking the leather off the index ball.

The Fusion Investing Fund continues to outperform its benchmark. Although two months is around five years short of a meaningful record it is nonetheless gratifying to be outperforming. The only position entered this month was a Fedex June $90 Put.
Current positions have an average 9.9% outperformance. Cash included, the total outperformance is 4.8%.
The fund is looking closely at whether to establish long positions in Pfizer (PFE) and General Electric (GE) and continues to monitor Australian Banks.
The fund continues to hold a significant cash balance and will continue to invest this …

April 30 2008
FI Fund receives $3.17370 per Great Southern TREES2 (GTPGA) Security.
This total of $4,760.55 was directly deposited into the FI Funds model bank account.
Individual tracking
I now need to determine how best to track the total return of this security. I’m currently thinking about using an adjusted close basis. If anyone has a good suggestion please let me know.
Portfolio tracking
For my personal portfolio I use IRR . I need to determine if this is best for the FI Fund or if another calculation like TWR is most appropriate. Any input …

Anyone interested in the volatile technology stock of an Emmy award winning company? If so, I may have the company for you.
Thesis
This Emmy Award winning company delivers the best arms to the video on demand war lords. They are a classic pick and shovel provider. On a GAAP basis they entered profitability in Q3 2006 and their finances have shown continuous improvement since then. They appear to have mastered cost management and have diversified their segment internationally and their customer base. This has shown up in increasing revenue and …