PS, your last comment exhibits your lack of understanding of how the managed fund sector works, not only domestically, but globally. This is why our views are so disparate.
While many fund managers seek to manage risk on behalf of very conservative Pension and Superannuation Funds, other Fund Managers cater to the Private Wealth Sector made up of high net worth investors who have a higher appetite for risk. Firebird has attracted $3 billion FUM due to a very good track record in high risk investments. They have achieved this by investing heavily in a stringent research process prior to investment. The Firebird Global Fund has earned average annual returns of 46 percent over the past five years. That’s not just luck.
If your going to swim in the deep end of the pool PS, better learn to swim without the aid of floaties.
RRS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
