Ann: Weekly NTA Update, page-8

oily, Wilson has come in handy where managers are intransigent, but continue to underperform.
CVF have underperformed recently, but are flexible about the wind up process. That’s where this LIC differed from ALF where the managers of ALF “thought” they knew what they were doing, but didnt..... but had no intention of winding up the fund until the activists made their move. !