I don't think its that bad, but I also used to hold CDM. I managed to get out of that but still lost a bucket load.
I liked CDM because carl has a lot of his wealth in it, but it didn't stop that massive drop down to 72 cents. Glennon has a lot in GC1
If you longer-term at Glennon their unlisted fund has done well which is why I hope that after a bad year they are focused on having a good year.
The returns in GC1 were good except for the last 18 months. I know they had to write-off a big position in axess today which I think was the start of the problems.
Though I'm with you if things don't get better in 12 months
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