no performance fees at all currently (and mam is priced like they’ll never get any performance fees again). they need another 9% or so to get back to the hwm in the main fund. Yep a little bit of fum has slipped but given the underperformance that’s obviously to be expected. I think they’ll get back to 15%pa moving forward (I hope). Which LICs are you buying into? I bought a fair chunk of lsf late last year and incidentally sold out of cya/wle today.
no performance fees at all currently (and mam is priced like...
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