Welcome to the world of active funds management.
Don't get me wrong, I think there will always be a space for active funds management.
But there is zero chance in the next ten to twenty years they will be collecting the exorbitant fees they are today.
Passive investment vehicles are already putting extreme pressure on the margins. Unfortunately, we are not seeing the changes in Australia, as much as elsewhere in the world.
I have no issue for paying for performance... but performance doesn't start at the moment you don't lose money. As such, I have no qualms paying a fund manager 20% for outperforming their respective index, but take aim at those that expect performance fees for no performance.
I have no doubt both Raphael Lamm and Mark Landau are embarrassed by the mass amounts of adverse publicity. They went from the darling of the hedge fund world to the reason why any new LIC was being pulled from the market.
It's early days however, and I like all holders hope they pull off one mighty turn around.
Welcome to the world of active funds management. Don't get...
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Last
$3.10 |
Change
0.070(2.31%) |
Mkt cap ! $1.929B | |||
| Open | High | Low | Value | Volume |
| $3.05 | $3.10 | $3.02 | $1.247M | 407.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8211 | $3.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.10 | 30708 | 4 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| LSF (ASX) Chart |