The Risk, page-11

I think your being a little harsh. A lot of "mum and dad" investors are probably in the Montgomery fund and they don't have any obligation to provide guidance or advice to the masses. Montgomery did say after the announcement that their position on Challenger hasn't changed and that they don't talk about stocks they are trading, ever. It's also easy to pick losers but they have spruiked a lot of companies early on for fantastic future growth such as SRX, VOC, SEK, they called the iron ore price crash very early on and the same for mining services whilst other funds had them as a buy. I think it's important to take an overall view and make your own assessment. They are paid by their investors and it's good to see them treating them as their priority. A lot of companies don't.