Ann: MGF Fund Update - February 2021, page-6

My concern is that they are more focused on finding ways to increase the permanent FUM for MFG (by encouraging investors into the closed funds with his 7.5% give aways),than doing a good job as a fund manager for MGF/MGG. I have reluctantly come to the view that there is more investing sales pitch than substance. The 7.5% give aways are a cheap price to buy permanent FUM when you are charging 1.35% annually on it.