I have been watching WMK with a view to buying when NTA does the...

I have been watching WMK with a view to buying when NTA does the traditional LIC dip in the first year of listing.

However, I have just been thinking about the impact of interest rates on the returns. WMK is as a market neutral strategy is quite different to other LICs on the ASX.

So, will high interest rates cramp performance when they eventually return?

My suspicions are high interest rates will cramp the carrying cost of the short side. Is anyone familiar with this type of LIC overseas?