Tag: Future Generation Global Investment Company

ASX LIC PERFORMANCE FEES L1 CAPITAL, THORNEY, WAM CAPITAL, VGI PARTNERS

A recent AFR article reminded me once again about how ASX LIC performance fees are a very nice deal for the fund managers. The article quite rightly posed questions about how they are free to choose whatever benchmark they like. Then why they sometimes are rewarded substantially when the shareholders go backwards, and why there is no standardised format to present what their performance numbers actually are.

In fact it, is due to the issue of ASX LICs choosing all sorts of variations in performance reporting methods that I wanted to explore some LICs in particular. Have they earnt performance fees way out of line with the results they have achieved?

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How have the stocks mentioned here fared this year? (Update Feb 12th, 2018, some remaining holds further down) & SVWPA sold on August 23rd.

I just placed this blog post via editing an older update. I didn’t necessarily want this going out to subscribers as an email as I don’t want to imply I am getting certain precise investment returns (some will see these as poor, others good).

For example they are only a portion of my ideas, this assumes equal weightings, what new position replaces a previous one? I may have made errors, the list goes on! I figure it’s better than nothing though and without some type of reflecting back on performance, the blog can become dull.

The purpose is to make sure I follow up any stocks I mentioned I was holding. There are enough investors out there on the internet only talking about the winners and forgetting about the losers. Hopefully this section prevents that.

Continue reading “How have the stocks mentioned here fared this year? (Update Feb 12th, 2018, some remaining holds further down) & SVWPA sold on August 23rd.”