By buying in cheap and selling out some of their holdings early, unitholders in 8IP's emerging companies fund 8EC most certainly made a profit on their investment in now arguably worthless Big Un. But a vehicle associated with Kerry Series, the chief investment officer of the fund, may have done even better.

Which we think – despite the best efforts of controversial activist investor Nick Bolton as he unsuccessfully tried to take over 8IP earlier this year – hasn't got nearly enough attention. So let's recap Series' many interests in Big Un, and how they intersected with the interests of his unitholders.