Listing was six years ago, which falls into their arbitrary 5-10 year range. I previously held over $1m worth of units and even today I've still got some $500k worth of units, so I'm the last person who wants to see them fail.
I honestly do believe that the next few years will be unusually kind to the FASF. However, I also believe that Steve has largely squandered many of the advantages he previously held over other instos., I think that in twenty years' time, his track record will probably sit at <3% p.a., above the benchmark, whereas he's got the ability for it to be 5%p.a.+.
Unfortunately, I can't say the same about the international fund. If it keeps up with the benchmark, it'd be doing well. Glad I don't have any stake there.
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