The (not particularly original) points I made were:
they need some sort of hurdle even if it is not correlated to a market index;
I expected a more active approach when I invested- I don't mind high fees, but only for geniunely active management;
VG8 needs a buy back program and the VG1 program needs to be more aggressive;
they have done a poor job of explaining their investment style (i.e. conservative, capital preservation) and how they are different from more aggressive hedge funds like L1 Capital and Regal;
they should respond in writing to the circular from the activist investors explaining their position in relation to each of their proposals.
I won't disclose his comments as it was a private conversation but I think it is worth sending him an email with your thoughts.
VG1 Price at posting:
$2.32 Sentiment: Hold Disclosure: Held
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