LICs, page-8

have looked many times at Paul Moore funds. but the PGF has the cash rate as it's performance fee benchmark ,
which I think is ridiculous ! also his portfolio manager Ashley Pittard resigned last year and he still hasn't appointed a replacement,
so he is running it himself. not sure he has sufficient staff resources to manage a global fund.
It trades at a large 20% discount to pretax NTA, so I suspect the market shares my concerns ?