RE: Same old excuse7 Apr 2017 15:41
I'm in at £10k in my sipp.
Firstly the good news is the alignment of performance fees is totally aligned to the NAV, at least there is no 1% rake off shareholders for FA.
Secondly I do believe the disasters crystalise early, and the stars benefit is later.
However do agree he has picked some s**t in biotech - and more remarkably through a lack of due diligence. However does get early access to great companies pre float.