There's a management fee on assets AND a 20% performance fee.
The 20% performance fee is payable even if the fund underperforms against its peers or against an index.
It rewards luck rather than skill.
IMO that's what the market dislikes.
None, Not Held
Ann: Net Tangible Asset Backing February 2024 with commentary, page-7
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Mkt cap ! $54.47M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 180000 | 14.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 223328 | 4 |
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