"These past 12 months have been the Fund's most difficult to date, so the anniversary celebrations were rather muted. Whether the Fund's eleventh year will be more successful depends on how well the Fund learns from what went wrong during 2011."
Last week, the Global Fund celebrated its tenth anniversary. These past 12 months, which ended with the Board persuading the Executive Director to resign, have been the Fund's most difficult to date, so the anniversary celebrations were rather muted. Whether the Fund's eleventh year will be more successful depends on how well the Fund learns from what went wrong during 2011.
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