Since Inception Net Return., page-9

they own their own manager, so doesn't that mean that the fees they pay go to the shareholders of ctn? obviously aside from costs and remuneration of employees etc. If they own their manager and their manager starts to make more money by managing more funds via a new LIC, isn't that a good thing for CTN?

I guess all that really matters is the bottom line - the results they achieve over the years, which appears to show they are ok at what they do, not terrible but not fantastic either.