I bought to capture the discount to NAV. I have confidence in...

I bought to capture the discount to NAV. I have confidence in the capability of EBB as a manager to do as well if not better than others in the Fund of Hedge Funds space. Thus, whilst it may take 5 years (or more) to redeem my investment, at current prices you are locking in a return of say 70%+, thus 10%+ pa more than the return of the underlying assets.

Even if wound up, a good return is likely. However, I am very uncomfortable with the portfolio being handed to Permanent...don't know the portfolio or have the relationships, and not aware of their experience in hedge funds.