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28/10/19
11:56
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Originally posted by cutty:
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Manny Pohl is an interesting choice. I know he runs the Flagship Investment Fund, but has minimal AUM. I am assuming this is because of the outrageous fee structure where it takes 15% over the Bloomberg Aus Bond Index rate. I had to take a second glance when I saw it. Taking 15% for any performance over 1.6%... now that's criminal. I have heard of such a Low bar for an absolute fund, but never a stock standard high conviction aus equities fund. I am a big fan of Geoff Wilson, but his line of funds have definitely been off for the past couple of years.
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Not withstanding the fee structure ,I find Manny an intelligent investor. There are lost of good managers out there, the ones that I have named have done particularly well for me at given times.