This is a terrible indication for the future of this fund and our investment. The chairman wouldn’t have left unless he sees no future in this business. Combined with their terrible performance history, this fund is becoming a train wreck rapidly. Watermark, please look after your investors and return our capital to us so that we can exit at NTA before you destroy more value and get paid fees for doing that.
WGF Price at posting:
91.5¢ Sentiment: Sell Disclosure: Held