Not for me. I was attracted to have a look because of a mutual holding in YOW. Had to go to the ASX site to look at their prospectus. For some reason not on HC. 1.65% management fee and 20% performance fee. Didn't get as far as the benchmark but since the strategy is absolute return they probably only have to beat cash. Admin costs also a factor in managing such a small portfolio of $50m in a listed company. Might be worth a small trade if it falls to a 20% discount to NTA but otherwise no.
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