TFC 7.42% $1.31 tfs corporation limited

So, I was on a call with a US Hedge Fund manager this morning...

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    So, I was on a call with a US Hedge Fund manager this morning and they said offhand that UBS had indicated that TFC grower defaults (in the underlying managed investment schemes) were 70%. Smells like bullshit to me. Anyone else got a read on this? I certainly can't find anything to back their statement up. Any clues anyone?
 
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Currently unlisted public company.

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