Hard to see what turns it around from here, sadly. Maybe some corporate activity, but hard to see who would buy it and/or whether the new CEO has been in the role long enough to have any fresh ideas on that front? Giving their Insto investors a reason to review whether they change wouldn't be pretty right now.
The staff get a huge chunk of their bonus pool based off 1-year and 3-year returns to 31 March, and they are circa -20% behind in the biggest fund, so they are going to be having a lean year. Can't help morale.
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