Maybe if they're not happy with the response they'll then...

Maybe if they're not happy with the response they'll then propose to wind them up and get their NTA.

It sounds a bit whiny from the hedge fund, with these things it's up to the market to price them and you take your chances. As long as they're performing (which LRF have been) then if they are constantly at a 20% discount I can't see it as a huge problem.

One day the discount might disappear, in the meanwhile you can buy $1 worth of assets for 80c.