spike coming up, page-6

30th June is when annual reports are done. Other than that it is equally as important as any other earnings announcement.

Re reputation: The reputation of a fund manager can be represented by a single series of numbers - the return of the fund.

Re dealing with corporate finance companies: Where else will these companies go? Hire an investment bank and the first thing they do is sit on the opposite side of the table from you. It important for Microequities to have good relationships with insto investors [hence reputation point] to get a large amount of FuM.