hedge fund growth and funds consolidation, page-9

Thanks for the update susse. Suggest you dont hold your breath for a response. It took me 3 emails to get an acknowledgement of receipt, and still no response. My query was re banking covenants and dividends.

The conspiracist (spelling?) in me says they are intentionally saying nothing to keep a lid on the price to potentially buy-back the farm, so to speak, at low prices. But just a theory, and all gut feeling. The AGM update was pathetic...the presentation was just going through the motions...nothing new, and plenty of repeat slides from previous updates.

Re industry changes...agree, investors looking for greater transparency, more direct control and more commercial fees. Good news is that HFA via Lighthouse have a managed account program that delivers on this.

cheers
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