Valueinvestor123 I did a brief internet search of this particular value fund that bought Vango note and $200mm is assets of this particular value fund per google. Does mutual fund family have other fund strategies aside from value fund? Potentially but who cares? This particular value fund with AUM of $200mm that advertise returns of over 18%p.a. since 2016 is putting $10mm or 5% of aum into Vango at only 10% interest p.a. which is a money loser for value fund vs funds advertised 18% p.a. returns except in case Vango default on $10mm 2yr note and value fund sieze plutonic dome marymia tenements and sell tenements for minimum premium of 16% of $10mm cash that the value fund got tied up in defaulted vango note.
VAN Price at posting:
2.9¢ Sentiment: None Disclosure: Not Held
