Mr. John Corrigan:

Well, as I said in my written statement, Chairman, the board of the fund ... the National Pensions Reserve Fund Commission took the view - rightly, in my view - that the directed investments ... that they were not accountable for them. So when they reported on the performance of the fund, they reported two performance figures, one for what they called the discretionary portfolio, that which over they had control, and the other being the directed portfolio. I think one of the consequences of the direction was that the ... certain shares had to be sold off, certain bonds had to be sold off and the portfolio that was left under the management of the National Pensions Reserve Fund Commission had to be rebalanced back to what we considered a prudent, diversified, investment portfolio. So, again, there would have been costs involved in that rebalancing but they clearly delineated between, as I said, the discretionary portfolio and the directed portfolio.