Good to see a FOR thread already. I've been a long-term and...

Good to see a FOR thread already. I've been a long-term and happy holder through its unlisted life, and plan to hold as long as Steve keeps his eye on the ball (and his equity in the fund - alignment is everything).

This is one of the very, very, very few funds that i'm willing to pay a management fee to, in what is an overcrowded active equity fund space littered with (mostly poor) choices. I see it as a convenient way to get a diversified exposure to a range of complex deep value situations at the smaller end of the market, for which i don't necessarily have the time to do the legwork myself.