LSF 0.33% $3.07 l1 long short fund limited

Ann: Net Tangible Asset Backing, page-3

  1. 3,418 Posts.
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    I am sure the board are just as devastated as you and I with this funds performance... sorry I couldn't keep a straight face...

    Just remember you are paying a premium for "value stocks will come around" one day...

    Can you imagine if these guys adopted what is happening overseas... reducing management fees/relinquishing fees for poor performance. Just imagine a manager who put their neck on the line.

    I will look out for their number one slot on the Fat Cat managers wall of shame.
 
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