You comment specifically about CLG, but you only have to bring up a line chart of anywhere from 3 months to 2 years of almost any Wilson Fund, to show that they have virtually flatlined. They are going nowhere and it seems as though all their portfolios do is to bring in dividends (last year I hear $60 million to Geoff alone !!!!!). Although they invest in equities, there is no capital appreciation to the fund nor the investor, which shows the fund picks have become lazy, and fail to appreciate or to show any real overall affect on the funds. Compare Wilson Funds with LSF, SEC, RF1, and HYGG but more importantly these days with some of the unlisted managed funds like Hyperion, 1851, Pengana and numerous others that are reporting 10-20% returns. The only question is, do you get out of Wilson now and invest elsewhere or forlornly hope that WAM funds are going to improve ? And what’s going to make them improve ? Or perhaps that’s a rhetorical question !
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