Mar 03 2021
Independent Investment Research analyst Radek Zeleny sheds light on how Australia s listed managed investments fared during the pandemic
[A Listed Investment Company (LIC) is a listed investment vehicle that offers investors access to a diversified portfolio of shares in other companies also listed on the stock market. These are variously also known as Listed Investment Trusts or Listed Managed Investments. They differ to Exchange Traded Funds in that they are close-ended, whereas ETFs are open-ended vehicles that are created and destroyed by the ETF sponsor based on demand/supply, akin to a futures contract.]
Note: For comprehensive comparative data tables for LICs and ETFs please see attached. The story below is part of IIR s monthly update on Listed Managed Investments (LIMs), which in its entirety is attached to this story.
Bailador bids good riddance to Viostream
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Ex-All Blacks captain and former Fairfax chief David Kirk had good news for investors in his Bailador Technology Investments this month, outlining a âstrong startâ to the year in the listed VC fundâs January update, published last week.
Mentioned prominently was that Bailador (Spanish for âdancerâ) had sold its less-flamboyantly named video-streaming company Viostream to Bloom Venture Partners, for $1.1 million.
David Kirkâs Bailador savagely wrote down Viostream in 2018. Â
Christopher Pearce
This is small change for a $170 million portfolio. But Kirk and co-founder
Paul Wilson pronounced themselves âpleasedâ nonetheless, given theyâd manage to offload the business for âmore than our holding valueâ, while freeing up time to focus on âbigger opportunities in the portfolioâ.