1. Active managment doesn't means they trade every week, or...

1. Active managment doesn't means they trade every week, or change main holdings every month.

2. Disclose short strategy and their target has caused some problem previously so currently they avoid to talk about their shorts. However you sill could find a lot successful stories for their privous shorting. You can simply google them.

3. For their targeted rerturn, that doesn't means they need to achieve it every year. It only an average results, its fluctuate. Since their inception AUS200 has grown around 24.5%, VG1 NTA has growth above 35% (include dividends not include franking credits).

4. New CEO appointed is to let Luciano to focues on investment not daily managment.

Also I need to address, everyone come to the market want to build wealth, and a lot of LIC investors believe they are long term investors and they are doing value investing. However, they are lack of patience, some of them believe BNPL is a bubble, but they invest heavily in funds which holds BNPL stocks.

Think about those VGI master fund investors, why they still hold that based on the fee structure and the performance? The answer is those man are wealthy, they know how to become wealthy. They have seen a lot who has build a lot wealth shortly and lost them quickly, they know a reasonable and sustainable return is more valuable.