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…
Showing posts from August, 2023Show All
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 …
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…
LSF - L1 Long Short Fund - Cheat Sheet
Summary : LSF is a genuine long short fund, with very high gross exposure, considerable portfolio turnover, and it often diverges significantly from …