Yes it was important to distance themselves from him, which I think is what they have done.
Siill if clients who have been recommended urf years ago by their "adviser" realise what has been going on ...surely they wont/ can't stay on as a client ( which means less fundsm revenue and less Dixon annual fees) . Even if they get their capital back from urf which I don't think they will...Problem I see with the integrated model is Dixon advisors can't as easily brush it off as a failed manager or thematic. They built the product to flog to their clients and the product was shit( for so many reasons). Not only was it shit they have been pillaging fees out of the fund so A dixon could live the high life in NY. Now the fund is being wound down guess who is getting the brokerage fees for selling properties!!
I don't know how many clients can see past this( I personally couldn't ) time will tell I guess ..
Yes it was important to distance themselves from him, which I...
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