La La Land. Three primary claims in the report:
1) PE/VC asset values written up while business performance has missed prospectus and/or deteriorated - PROVEN (Vinimofo, Wild Breads - see AFR articles)
2) Extortionate upfront fees - PROVEN (see Kohler CEO interview train wreck)
3) Fee-earning AUM over-stated - PROVEN (BLA base their definition on the property industry, and therefore should be valued accordingly. These are just two sides to the same coin - high gross AUM (BLA case), lower value to NTA; OR lower gross AUM (Glaucus case), higher value to NTA - same rough overall valuation)
There's my evidence. Can you please explain why nothing has been proven?
La La Land. Three primary claims in the report: 1) PE/VC asset...
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