I cannot speak for Timbowls but when we reviewed it, the...

I cannot speak for Timbowls but when we reviewed it, the concerns my business partners had was that the sharing of fees was a bit too high. Read the prospectus there are fees to Pitt street real estate and then an overriding commission and profit share to Contact. The hurdle rate is fine , in fact if I could get an 8% yield it would be fine but that's not going to happen for a long time I suspect. 

I will personally hold mine as I have bought them in the market and probably have an average of 95c but the folk who bought at the IPO price of $1.10 are going to take a long time to breakeven. I think the fund is just too small as well it needed to have far more than $72 million to make a market impact in my opinion.