It's maybe not the best structure but the fund has still outperformed the relevant ASX benchmark since inception. So it wouldn't be short of any high watermark even if they set one at inception?
For comparative purposes for what it's worth the other Watermark funds charge performance fees over RBA plus a very small percentage from memory so I'd rather have this structure.
AEG charge performance fees on any positive returns I think.
I don't want to stick up for them too much, I agree it is generous for them. But I have seen far worse few structures around in other LICs.
- Forums
- ASX - By Stock
- ALF
- Ann: Daily share buy-back notice - Appendix 3E
Ann: Daily share buy-back notice - Appendix 3E, page-79
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ALF (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online