LRF

While the management of this fund is good, the market takes a different view and has been marking it down severely.  In fact, a private equity fund took advantage of it and held the management to ransom by forcing it to pay it market rate.

Last Friday, it has opted to move out of the ASX and to allow its members to sell at market value minus cost.  And will continue to do that at fixed frequency during the year.  That means if you had bought recently at market low, you will laughing all the way to the bank.  The discount to NAV is something like 50%.