Because you're trying to build a global funds management business. There's a video floating around somewhere, either the pre-HML one or the pre-BHD one where Stuart addresses this question (it was posed more as "why start a LIC when you could just invest your own money", but it amounts to the same thing). What you make of his answer is up to you.
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- Ann: Market Update - Preliminary Final Report
Ann: Market Update - Preliminary Final Report, page-19
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