hi cutty
unfortunately LSF is also a victim of the discounts to NTA which continually afflict most LICs.
the unlisted L1 long short fund, which started about 4 years ago and which I own via Netwealth, has returned 25% for the past 12 months,
versus only about 14% for the LSF LIC.
I am therefore seriously thinking of exiting LSF but keeping the unlisted fund.
I am yet to be convinced that the LIC format is the best way to run a managed fund that is active in style.
I can see advantages for low turnover, low fee, index hugging conservative LICs, which LSF obviously is not.
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