AFI - Australian Foundation Investment Co - Cheat Sheet
Summary : With invested assets over $8.5 billion, the Australian Foundation Investment Company (AFI) is the 800 pound Closed End Fund gorilla on the…
The #1 expert on ASX Closed End Funds (and how to escape them!)
Consultancy services on ASX Closed End Funds (LICs, LITs) for investors seeking exits and alternatives. The mission is to eliminate almost all CEFs!
CD Private Equity Fund Activism
A public blog with detailed insights and shareholder activism
HM1 Discount Factors Analysis
I use my expert discount analysis skills to provide details and solutions regarding HM1.
Total Expense Ratio Analysis
The #1 analyst of ASX CEF TERs and how this affects performance and discounts.
Which CEFs blatantly advertise misleading expected returns?
Summary : Australian Closed End Funds (CEFs) are virtually all destined to underperform cheap index funds in the long run. Hence, it is no surprise t…
PL8 - Plato Income Maximiser - Cheat Sheet
Summary : Plato Income Maximiser (PL8) actively invests in Australian shares to generate a high, reliable dividend yield which is fully-franked. Pla…
PE1 - Pengana Private Equity Trust - Cheat Sheet
Summary : Pengana Private Equity Trust (PE1) is a diversified portfolio of mostly U.S. (~13% Europe, 7% Asia) private equity investments managed by…
Which CEF Management Fees are most misleading?
Summary : The incorrect but common understanding of Closed End Fund (CEF) costs is that there is a base Management Fee of 1-1.5% of "Net Asse…
TGF - Tribeca Global Natural Resources - Cheat Sheet
Summary : Tribeca Global Natural Resources (TGF) has an "active long short investment strategy that seeks to profit from from the inherent vola…
HM1 - Hearts and Minds Investments - Cheat Sheet
Summary : Hearts and Minds Investments (HM1) is a LIC with the "highest conviction equities from leading Australian fund managers, with all fee…
RF1 - Regal Investment Fund - Cheat Sheet
Summary : Regal Funds Management and Phil King have risen swiftly in recent years as a leading alternatives and hedge fund manager. The RF1 LIT is …
Ending the CEF Dividend Reinvestment at NAV ripoff
Summary : ASX CEFs have existed for decades with their myriad ripoffs, pitfalls and leakages. No government agency effectively monitors and reforms t…
WAX - WAM Research - Cheat Sheet
Summary : Wilson Asset Management's LIC funds long-run outperformance figures are a fantasy. In this post, I reveal the true performance of WAM R…
When does CEF "skin in the game" become a blocking stake?
Summary : The active management industry can talk endlessly about finding an outperforming manager because this already assumes that this is actually…
TEK - Thorney Technologies - Cheat Sheet
Summary : Geoff Wilson popularized "buying a dollar for 80 cents" regarding ASX CEF discounts, and this misleading and simplistic phrase ra…