I agree with you...these clowns in Tribeca management are way, way too greedy and deserve a protest vote. Look at their performance since inception...it's been terrible and they most certainly cannot justify their high fees. The lead PM strikes me as being more than a bit arrogant, and their credit team haven't done a very good job either. In recent years they've drafted in ex CFS/Janus Global resources staff to provide more depth but ask yourself...how much alpha did that CFS/Janus strategy ever achieve over their lifespan there? The answer isn't flattering. It's only their uranium guy who strikes me as being skilful, and even there, the jury is out, it could just be good luck. My advice to Tribeca management: Lower your fees and have some shame. But then, if they had any, they wouldn't have done deeply discounted cap raises for TGF where the only beneficiary was new investors and management...screwing the existing investors via dilution for more FUM and more fees. Shameless, greedy incompetents run this fund...uranium guy can't save the day.
TGF Price at posting:
$1.64 Sentiment: Hold Disclosure: Not Held
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