Hang on. I've just read that NAOS aren't actually a Microcap manager, this just gets more ridiculous!
6 months after taking back from OC - because they said they were themselves the better microcap fund manager and capacity was not an issue, CGA off load CTN, because they aren't a microcap fund manager any more, and capacity is an issue
So lets read the CTN statement about NAOS
>NAOS specialise in providing genuine, concentrated exposure to emerging, small and mid-cap companies with an industrial focus, and view success as achieving returns for shareholders, over a five year period, better than and without correlation to the broader market and with less risk of permanent capital loss
>emerging, small and mid-cap companies with an industrial focus
HUH, NAOS AREN'T EVEN A MICROCAP MANAGER!?
>with an industrial focus
MICROCAPS ARE OFTEN RESOURCE COMPANIES TOO.
>....with less risk of permanent capital loss
WELL THAT'S DEFINITELY NOT MICROCAPS
Someone's having a lend of us here. Come on BooBoo, whats the real story?
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