RE: Closing the discount gap
Nav of about $19.50 as of last night (my #) + a couple % today so far.
If they pay cash next month as opposed to " units" this will blow through $15 and likely get inside $2 of NAV before the $15 warrants are due. IMO .That would be $18 today.
I count returns AFTER fees.....2 and 20 is the same as many hedge funds.Also I don't think Ned Goodman is going to risk his reputation on ONE dodgy fund either.