FWIW when listening to the day broadcast I wasn't 100% sure of what I heard inasmuch as I thought he may have inferred they had sold ARU. In the Evening I was alert specifically for that comment.

What he said was, he had sold his small caps and moved into the larger more liquid stocks like Yamana and Kinross.

The purpose for this Portfolio change was because at the time Gold was dropping dramatically so he wanted the liquidity in the event of a $100 drop in Gold he could move quickly. That left me still not 100% sure he still held ARU.

Later in the conversation he referred to his ARU holding. At the moment I don't remember what he said but ... I do know that whatever it was I was greatly relieved when he referred to his ARU position. This I am 100% sure of. Whether the other funds still own he didn't say, but ARU is most definitely still held in his Fund.