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Tom Richardson

Thorney’s questionable performance fees

Tom RichardsonJournalist
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The net tangible assets (NTA) per share of the Thorney Opportunities Fund might have fallen 8.8 per cent over calendar 2020, but that didn’t stop it charging investors a performance fee of $5.5 million for the six months to December 31.

Alex Waislitz’s Thorney Opportunities LIC’s performance fee accrual gets reset each financial year. 

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Tom Richardson was a journalist at The Australian Financial Review
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    Original URL: https://www.afr.com/rear-window/thorney-s-questionable-performance-fees-20210621-p582sl