Whilst I too dislike their performance fee structure, their...

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    Whilst I too dislike their performance fee structure, their unlisted fund, which I continue to hold, has the same performance fee structure ie 20.5% of any increase in NAV subject to high water mark, and yet has delivered exceptional net returns after fees over the past 3 yrs.
    As long as above average performance continues, I will put up with the fees.
 
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