Doesn't look good for K2, money continues to flow consistently out the door. When the business started twenty years ago global equities out of Australia was far less competitive. 2/20 fee structure has all but disappeared. With significantly higher fees and sub par returns not going to get the ratings back. Cost base too high, Campbell Neal needs to swallow pride and cut his base, business with under 400 mil and disappearing funds can't take the overheads.
KAM Price at posting:
6.5¢ Sentiment: Sell Disclosure: Not Held
