So Justin is going to punt on the US market to get his beloved...

So Justin is going to punt on the US market to get his beloved performance fee up? Fantastic. And is his performance fee benchmarked against the market he is investing in? Hell no. Still an ASX benchmark. So how is that fair for holders? He can just hug the US index and generate (based on the past year at least) circa 20% returns whereas his benchmark for his generous fee would be (again based on the past year) roughly zero. So he doesn't have to add a scintilla of extra value and he earns an outsized fee. This is all about his fees. Poor. Very poor. The fair and decent thing to do would have been to have altered the fee calc to benchmark him against the market he is investing in - whatever he invests in the US should have the same performance hurdle for that component. A cynical fee generation exercise. Very disappointing. And great whilst the US is going crazy but what happens when the punch bowl gets taken away?