As I've written at much higher prices, there is no thesis here.
Investing in TGP is like investing directly in HPI and TOT but paying Tony & team 1.5% management fees plus a 15% performance fee. Why do this when you can just invest directly in those stocks and not pay any performance fee.
In addition, neither HPI or TOT are at prices that I would deem to be attractive.
So why would anyone invest?
Ann: Notification of cessation of securities - TGP, page-8
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
