I am sure it was in the small print, but yes it's one of the worst cash grabs I have seen in recent memory. I am not sure it was 300m though...
Whatever goodwill existed for closed funds, disappeared when LSF floated.
They have never really addressed the huge expansion of the original fund limit.
I guess it just shows the character of the managers...
Ann: Net Tangible Asset Backing, page-27
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$3.07 |
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