Fully agreed. By the way, who can control the expenses on the funds? If it's trustee or RE who base their fees on the managements of the funds, of course they will keep the fund as long as possible under their management, instead of manage the fund to minimise the loss. Is it possible to link...
I'm not familiar with Australia law at all. I feel quite desparated about the procedure totally opaque:
- no clear information about where we go
- no connexion between investors (especially foreigners)
- Got impression that few investors can represent all investors
- manipulation of few...
Re: And the Good News Keeps Rolling in !
Can anyone explain to me why MPF is the only fund under receivership process? Not the others?
If FTI is the receiver, what will be the next action?
Thanks
Re: FTI
Dear all,
I'm one of the poor foreign investors in LM performance fund. Who can tell how many investors we are in this fund? Apparently, the creditors, advisors (who advised us to invest in this fund) benefit from a priority over the others (investors). There are meetings planned...
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