Long-term investors in billionaire Alex Waislitz’s listed investment company, Thorney Opportunities, have in the past five years paid the manager $10.9 million in performance fees, while their net assets per share went 12 per cent backwards and the share price shed 28 per cent.
Rich Lister Alex Waislitz resets his hurdles every year. Eamon Gallagher
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Myriam Robin is a senior writer based in the Melbourne newsroom. She has previously been a Rear Window columnist and editor, and before that reported on financial markets and media. Connect with Myriam on Twitter. Email Myriam at myriam.robin@afr.com
