Help yoda understand why 2 fundies are required? What value does contango add? They only do local stuff, right?
yet prospectus say "the Manager(Contango) may vary any proposed decision or action of the Adviser ( WCM)."
Crikey - when did Contango develop latent global equity skills? Yoda surprised WCM signed an IMA that allows Contango to interfere. All self respecting fundies hate that? WCM has $21,000,000,000 fum. $21,000 mill. Contango has $600 mill?
Yoda missing something. Someone who manages $21 bill and focuses on global equities gonna let Pnut who manages $600m (?) and has no pedigree in global shares overule their decisions?
Yoda confused.
Help yoda understand why 2 fundies are required? What value does...
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