Good to highlight - but its all relative.
Thats basically the only performance fees that have been applied in 4 years. Shares did go down to $1 and then up to $3 so their has been both +ve and -ve performance in there. The 10m was in from the 1H performance and none paid on 2H performance as they lost it in the last 3 months. Ithink high watermark now is $3.21 - so there is NO fee until it goes higher than that now...
I grabbed a load of shares $1-1.30 so I really dont care that the fund manager that got me to $3.00 took 11%.
Just depends when you are in you have now a free 47% return before you are paying fees for it.
If you can pick these stocks better.... don't be in the LIC, Current rolling 1 week as I believe they are positioned.
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Good to highlight - but its all relative. Thats basically the...
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Price($) | Vol. | No. |
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