As they are offering liquidity in their fund, they need to ensure they don’t give away too much value to redeeming investors. If they get it wrong and have under-valued ISX, they can always repay those that redeeemed. If they over value, it will be impossible to try and call back the capital that has already been paid out. So smart move on their part. I would do the same, better to take a hit to find performance than risk losing millions to compensating their fund for getting the valuation wrong.
ISX Price at posting:
$1.07 Sentiment: Hold Disclosure: Held
