WAX wam research limited

I ballsed up that second parra. To clarify, he preferrs the LIC...

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    I ballsed up that second parra.

    To clarify, he preferrs the LIC structure to other structures, as the LIC structure keeps the investment funds separate. This tends to circumvent the situation often found with other structures, where the investment manager has to deal with money flowing in at the top of the market, and redemtpions at the bottom of the market.
 
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