Originally Posted by
Beagle
I really wonder if their portfolio is fit for purpose at this point ? Certainly not at a premium to NTA ! I choose not to put significant funds in January with their private wealth division which was going to be invested half and half into their Australasian growth (basically, BRM shares) and International growth funds (MLN shares), albeit on their unlisted fund platform at NTA, not at a 20% premium to NTA in their listed platforms. I am exceptionally pleased I didn't proceed and see no rush to do this going forward.
Marlin and to a significant extent Barramundi are loaded towards tech and the NASDAQ is now down more than 20% and in a bear market. Both have very badly underperformed the market in the last quarter and I expect that will continue in 2022 as the reckoning process with the huge valuations many of these tech companies trade on, plays itself out.
To your point. Netflix down 38% just in the last week ! I don't think they are seeing the wood for the trees at present.