Along the lines of my previous post, the different things that...

Along the lines of my previous post, the different things that need to happen include:
- superior stock selection - no need to be Einstein to work that out!
- changed management arrangements for ALF - the fund manager's CIO CANNOT continue to chair the LIC. An independent chair needs to run an accountable board that oversights strategic matters (not meaning specific stock selection). Issues such as extent of long/short, domestic/international trading, outcomes reporting etc are not matters for the CIO of Watermark, in my humble opinion.
Such a board needs to conduct an urgent review in the light of recent performance.