rights issue - 3 options, page-28

M & G have many funds but the ones that were heavily into resources were the chronic basket funds, The bulk of M & G,s CDU holding was split between their Vanguard and northern trust funds - ( chase and state street nom accounts ) they did have a smaller exposure through the global basic fund mentioned in the link you provided.

I dont think the selling of CDU stock to redeem cash is necessarily correct as they were buying stock in OZL while unloading their CDU holding.

M & G are still the biggest holder of OZL with 52m shares ( 17% ) current value close to $200m - they have well and truly taken a bath on OZL given it was $17 just shy of 3 years ago - the M & G holding was worth almost $900m then now its under $200m

M & G,s CDU loss was only a flesh wound by comaprison.


hOOt