They will at about the same time they run out of money.
Also I was curious why the RE (Responsible Entity) would take these guys on. There are actually a number of things in there that are quite irregular for a PDS of an MIS including the unusual fees the RE can charge the investment manager on top of all the other fees and the fact that they can take it from the fund itself if the investment manager doesn't cough up. They have a quite lucrative termination agreement between the RE and the Investment manager as well which mean the investor would again have to end up paying (up to four years of RE fees which is the current length of their RE agreement) - the Investment manager requesting to remove the RE early is one of the ways this can happen as well as the RE terminating early due to the investment manager in the case of misconduct. Also the estimated cost of transactions is over 8% p.a. for the operation of the fund which doesn't make any sense if it's investing in futures contracts and deeply liquid markets... good luck investors!
