You can't just sell the FUM to another manager without a substantial number of investors and percentage of the fund considering exiting the fund. Easier than every to move between products, most companies aren't going to hold their capital in a fund completely different to the prior just because the FUM swapped hands. If this did occur the actual value of the FUM is probably going to be closer to 5-10b than 45b. Maybe a tiny portion will stay but considering how badly everyone has been burned its potentially close to zero.
Having shorted this stock my plan is still to get out when the market cap is roughly similar to cash holdings of the company. $4 would be a fair exit in my opinion. The business model has almost no value at this point.
MFG Price at posting:
$8.84 Sentiment: Sell Disclosure: Not Held
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