Bad year for Fund

The test fund I started in February has fallen about 1/3 over this year so far. This reflects the disenchantment of the markets with tech stocks and the drop of the US$ from about 1.53 when I began to 1.61 today as the pound has risen. Carrefour, Vodafone and Tesco have all maintained or exceeded the price bought, but some tech stocks, notably Dell and Marvell were savaged during the year after poor results. Its not a forgiving market. I still think this basket is a good buy, in fact a better buy of course than when I notionally began as prices of many players have fallen. But they are all good companies with potential turnaround stories still to take hold. DRWI for example has risen 20% in the last couple of weeks as one or two savvy funds have realised their savvy acquisition of Nokia Siemens networks backhaul business will work for them as they bought into a win win. But not enough to bring it back to where the fund nominally invested.