[Newbie] Investing in Prem Watsa's Fairfax?
It has had a very solid performance record for the past two decades and he has been tagged as the 'Warren Buffet' of Canada. So is there any interest around here to invest into Fairfax?
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Dec 30th, 2017 11:49 am
The only thing that bothers with Fairfax India is the compensation structure:
Dec 30th, 2017 12:03 pm
Yeah but these fees are paid to Fairfax financial holding company so doesnt matter to me I hold both. This stocks performance beat the performance of other Indian etfs. Also your paying for a good team. Fairfax Financial has avg 17% return over 20 years better then indexsCDNPatriot wrote: ↑Dec 30th, 2017 11:49 amThe only thing that bothers with Fairfax India is the compensation structure:
Investment and Advisory Fee
The per annum investment and advisory fee is calculated as 0.5% of the value of undeployed capital and 1.5% of net asset value less the value of undeployed capital.
For the first six months of 2016, the company has determined that the majority of its assets are invested in Indian Investments, which is considered deployed capital. At June 30, 2016, the 1.5% per annum fee was payable on the net asset value of the Indian Investments and 0.5% per annum fee on the residual of undeployed capital. A fee of 1.5% per annum based on the fair values of the Indian Investments as at June 30, 2016 was accrued for the period. The investment and advisory fee for the three and six months ended June 30, 2016 was $2,703 and $4,844 respectively (2015 - $1,233 and $2,089).
The performance fee is paid for the period from January 30, 2015 to December 31, 2017 and for each consecutive three-year period thereafter, and is calculated, on a cumulative basis, as 20% of any increase in net asset value (including distributions) above a 5% per annum increase. The company determined that the performance fee was not applicable for the three and six months ended June 30, 2016 and 2015.
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linkBENGALURU: The Kempegowda international airport in Bengaluru on Tuesday announced a passenger traffic of 25 million in calendar 2017. This represents a growth of 13% over calendar 2016.
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