Ann: Weekly Month-to-date Performance Estimate, page-4

Just had a thought.... wouldn’t you think that if you were a fund manager and the strategy that you has been pursuing for the last 6 years wasn’t working, and you wanted to retain the shareholders because the more FUM you had, and the better the results, and the more fees you could collect, that you would change your loss making strategy, knowing that in a few months unless you did, you have the chance of the fund winding up, and losing all your SH along with $200m+ FUM ?
Perhaps that’s only the tip of the iceberg!