Being an ASX listed LIC, surly HML have gone through the appropriate regulatory procedures.
Further more Stuarts wholesale fund was active for 3 years and would have been signed off by an accounting firm viewed by various regulatory agencies.
For someone who works in the managed funds industry, it puzzles me why you are so suspicious of them. Surly you are aware of managed Futures as a trading style and know funds like that can make large returns in a short period of time.
HML hit a high of $1.80 today and i'm sure will hit $2 before the dividend is even paid out. Then $3+ by years end.
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