We have suspended our investment rating for HHV and placed the LIC under review following an announcement by the company regarding the pending resignation of Peter Hall as Chief Investment Officer (CIO) of the Manager, Hunter Hall International Limted. HHV is expected to provide further details in regards to possible impacts on the management agreement by 30 December 2016.

We have added the following five listed managed investments (LMIs) to our coverage since our June 2016 LMI Quarterly Review. We are also undertkaking research on a number of other LMIs including Forager Australian Shares Fund (FOR), Perpetual Investment Company (PIC), QV Equities (QVE) and Chapmans. (CHP). We expect to publish our research on these entities in coming weeks.

We hold some significant concerns in relation to the addition of a new manager given the potential for differences in style and process to the existing manager. Details of the new manager have not been released so at this stage we cannot assess whether the investment style and process are consistent with CTN’s objectives. Nor can we assess the quality, or performance track record of the new manager.

Our Senior Analyst Peter Rae has a feature article in November's issue of the ASA Magazine.

IIR Research Team covers all LICs and we include performance data for all the LICs - also included is the latest news in the sector.