Kennedy wrote

Secondly it allows us to be much more aggressive on stock selection. We can go into a position knowing that we might take a 50% or 100% loss, provided the odds look favourable. If we were running a fund that was more aggressive at the portfolio level (say taking concentrated 10% positions) I think we would have to play safe and be less aggressive on the individual names.

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Commission is aware that a wind project on Molokai is less likely to be developed since Molokai Properties Inc. (commonly known as Molokai Ranch) in February issued a statement indicating that it did not. Renew the agreement for the proposed wind farm project on Molokai Ranch lands at this time. Maui Oahu grid connection would not be fancy extension cord, like the projects on Molokai and Lanai, said Awakuni.

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