Fund costs question

[DonkeyApple]

JulianPH said:

WindyCommon said:

DA - he won’t be by the time Tuesday afternoon arrives ;>

You beat me to it!

Quite a few parrots around.

[JulianPH]

DonkeyApple said:

Maybe take the client for two lunches a year instead of one? And go a little further down the wine list?

Re the impact of large funds moving out of smaller listed trusts, I have a client who runs a system that detects this price action and sits on the other side soaking up some of the supply, hedging it with his own baskets created by mimicking the holdings of the trust and basically arbs the short term NAV discount spike. I suspect that he is consistently the highest performing spread better in the market by an enormous margin.

Why not, the client is paying for it after all!

They could go further if they tried, with different service levels at different price points:

Service Level 1 - Annual agreeable lunch

Service Level 2 - Annual high class hooker (you have to just love the irony in that description!)

Service Level 3 - Annual holiday in the sun

And so on

All paid for by them (from, cough, some of the money they take from you). A TV channel is missing out an another "White Gold" style series!


Edited for stupid typo

[DonkeyApple]

That’s the positive attitude that the DFMs will need.

Lunch at Petrus followed by an evening at the Director’s Lodge ( note the Lodge shut down shortly after the new rules on client hospitality!!) or a MaccyD’s and a handjob from Charlie the office junior behind the biffa bins for the smaller clients.