David Kingston has already succeeded in forcing Ellerston to wind up their global LIC at the end of last year. It was a serial underperformer - though not as bad as ALF! Here's to some changes soon and a fairly priced exit for all of us!
I know ALF had great numbers in 2009 but how long can a fund manager rest on his laurels from more than 10 years ago when the last 5 years have been shocking?
ALF Price at posting:
99.5¢ Sentiment: Hold Disclosure: Held