performance fee - smoke and mirrors?, page-3

it's relevant from a shareholders perspective because:

1. fees will reduce NTA

2. LICs with performance fees generally trade at higher discounts

3. the more complex the corporate structure, the more sceptical shareholders will be.

this applies to all LICs.

maybe only Olympus believe it's irrelevant and hope shareholders think the same.

why have it at all, just have one for external managers. this would be a lot easier to understand.