What excuse it there for continuing this fund? Wind it up and return shareholders equity.
Management are just trying to hang on to fee revenue - not look after shareholders interests.
We get next to no information on strategy - and no justification for why we should allow them to continue. They work for shareholders and should be out there monthly or quarterly explaining why this should continue (if there is a reason).
Instead we get monthly NTA notices with 1 line of text. You cant tell me that management are that flat out looking after 3 investments to speak to shareholders. There are no ongoing operations - just investment research supposedly, so spend some time explaining WHY!
This is just legal robbery - the investment community should stand up to this type of poor management. If there is a legitimate case for ongoing investment - we havent been given it my management, thats for certain.
What excuse it there for continuing this fund? Wind it up and...
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