This is almost impossible to achieve but, looking through the daily valuations, this manager has ' managed' to lose value almost every day since the IPO!! Now, that is a crap load of our money. Fair dinkum, just look at the recent figures. From $1.894 on 31 st May to $1.6645 yesterday without a positive day that I can find!! Now,how hard would that be to achieve? Even a dumb punter like me couldn't get my funds so consistently stuffed!!
So, I believe every morning, these ' managers' are throwing millions of dollars off 101 Collins St or burning it or have a couple of thousand mega yachts in the Mediterranean. Maybe they just left the safe door open. Can someone check up please.
Yep, who was that poster that keeps wanting us to wait SEVEN years? He must be the manager's mother/father cruising on one of the mega yachts.
The management of this fund is an absolute disgrace by any standard. Widows and orphans beware L1 Capitol.
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