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Fund Prices (16 May 2008) |
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| A Share |
| £135.40 |
| £198.56 |
| £216.76 |
| £ 90.75 |
| £151.15 |
| £ 85.67 | |
| B Share |
| £134.17 |
| £194.05 |
| £211.79 |
| £ 86.58 |
| £149.74 |
| £108.86 | |
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| Funds under Management - £227.0 million | |
Unlike most fund management companies, Bedlam is structured to make investors money |
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| | Bedlam's Profit and Loss Account
Our P&L swings considerably. In part this is normal for any investment management company, but the more so for a small, growing firm where large inflows, and occasional outflows, can have a marked short-term impact. More important however, and although recurrent income covers the great majority of annual running costs, our preference for performance fees - to align our gains with those of investors - can produce some dramatic swings; for if we do not make clients good absolute gains, then such fees can melt like snow in the sun. This is one of several reasons why we have always had a significantly over-capitalised balance sheet.
Note to Bedlam Shareholders . Previously you have been able to view both the balance sheet and the Profit & Loss account on a monthly basis in all their full glory. Now that the website is open to all, such excessive detail can lead to us being bogged down with trivial questions from non-shareholders. Should you wish to receive either the balance sheet or the profit and loss account in full up to the most recent month, please do not hesitate to ask. |
