Hedge funds or actively managed funds have historically operated on a 2/20 rule. 2‰ of assets, 20% of performance. Thankfully with widespread lic and etfs listed on asx these numbers have come down.
The original commenters point stands. You are being disingenuous with the percentages if you say they pay 7‰ div, but 13% fees. The 7‰ is based on total assets, while your 13‰ is based ln earnings. Its not a fair or honest comparison.
Can quibble if wilsons are good managers or not, but maintain a level of intellectual integrity and honesty around your points. I am (nor is anyone) paying 13‰ of the money they invested each year in fees, it would imply wiksons have to make 13‰ just so investors break even. Its just wrong.
The 1-2 ‰ (or less) mer that is thrown around is based on total funds.
Ann: Change in substantial holding for PAF, page-21
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