MA1 ma credit income trust

Ann: Half Yearly Report and Accounts (Appendix 4D), page-2

  1. 32 Posts.
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    $488,265 in performance fees ?....

    How does that work ?,... this fund is in negative territory and has never manged to recover to its $1 IPO price, and the buggers are taking $1/2 a million in performance fees ??

    Somebody please explain this to me ?.. how can they justify this under performance ?
 
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