The CYA transaction got me thinking to the extent similar deals have occurred in the past. There are a few fund managers who will examine investing in LICs, yet the vast majority don’t. I’d like to better understand why many avoided LICs in 2009-2012.

Wilson Asset Management are the opposite, being very active in this space. It is not the only reason for their fantastic performance figures, yet I imagine it has been a key contributor. Here is an article I wrote on this topic.

http://www.etfwatch.com.au/blog/mergers-acquisitions-and-wind-ups-in-the-lic-sector