Hi @powertool
They are definitely liquidating and would assume with the deal they made with GQG that they manage boutiques for two years, liquidation objective is to happen within this timeframe.
Would assume PAC would have been discussing Banner Oak in the same meeting. Will have to wait and see how long it takes to sell this business.
Best of Luck
Lost
Ann: Sale of Partial Interest in Pennybacker Capital Management, page-5
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