They can't.
It's known as a poison pill provision (the whole we get to keep 5% of the funds NTA thing if the fund fires us) JBL can't fire the fund and claim 5% of it's assets as a keepsake - that's not how it works.
I seem to recall them having to give us 3 months notice too, not that it matters really.
No fund (even if they re-wrote the contract for us), would ever agree to that. And even in this country no judge could possible believe that was a commercial arm's length agreement. I simply do not see how anyone in their right mind would agree with that view of reality.
They have disputed every bill anyone has sent them including their own auditor. Funny that isn't it...I wonder what it means?
Pirate funds outfit fires volley over audit bill, page-9
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