As per TTB, Fund can b liquidated if shareholders vote for it

High redemption of mutual fund, open ended fund during market crash is quite a norm as well.
It is investors money, they decide what to do with their money. I don't see anything wrong nor scary about it.

That's the disadvantage of closed ended fund, and one of many reason why closed ended fund is not popular due to lot of disadvantage compared to open ended mutual fund.
Having said that, it is same with ordinary listed company, if major shareholders voted yes on whatever resolution, minority which less than 50% is powerless to object as well.

yhtan

Remember the total fees postings before.

From 2009 annual report, his fund management fee is 1,747,606, investment advisory fee is also 1,747,606
From 2010 annual report, his fund management fee is 2,018,550, investment advisory fee is also 2,018,550
From 2012 annual report, his fund management fee is 2,894,863, investment advisory fee is also 2,894,863
Latest annual report From 2013 report, his fund management fee is 3,089,891 investment advisory fee is also 3,089,891
From 2014 annual report, his fund management fee is 3,109,491, investment fee is also 3,109,481

Total fees for 2009 is 3,495,212
Total fees for 2010 is 4,037,100
Total fees for 2012 is 5,789,726
Total fees for 2013 is 6,179,782
Total fees for 2014 is 6,218,982

Current total of all fees collected since 2009: 25,720,802

Pheeeeewwiiiitttt !!!!!!

This closed end fund... allowed to run until what year?

If add those years in ..... how much more fees can Teng Boo collect???

Do I think Teng Boo will liquidate before then?

Do you think he will liquidate?

I lost a lot of years salaries following his advice on newsletter. I was told later that you invest with your risk. TQ.