share price, page-5

That sounds like it could be about right. The figure probably suffers a bit from a discount to NTA widening in the last couple of years.


I though from your post they might be producing far less. I don't get tempted at buying this at a discount right now as base fees of 1.5% and then 20% of any return above zero don't sit well with me. Especially since in recent years you could probably assembled a similar portfolio of their half a dozen stocks yourself that they haven't traded too much. Of course I realise they may well get far more active in the future.