Can you trust the Directors of LIC's to do the right thing?
One aspect of the recent sensational events regarding Valeant Pharmaceuticals International provides a strong debating point over the governance of externally managed listed investment companies, with real relevance in Australia. Might be time to re-examine the prospectuses you subscribed to in the last two years.
Andrew has 38 years experience as on the buy-side, sell-side and corporate investing. Andrew currently runs East 72 Holdings, a unique closed-end internally managed global long/short equity fund which is listed on NSX.