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Ann: Quarterly Activities Report and Appendix 4C, page-33

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    It's about this moment Perennial have realized the size of the mistake they made.

    Have you ever looked at Perennial's investment portfolios? Most of them are absolute duds. A couple have had a short term boost due to hype in the tech sector.

    There is this incredibly naive idea that funds managers actually know what they are doing. In reality 95% of funds underperform the index long term.




 
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