Post
Topic
Board Securities
Re: [HAVELOCK] (HIF) Havelock Investments Fund
by
Auburn
on 05/04/2014, 15:14:54 UTC
Several of the funds listed on the Havelock website publish reports/updates on a monthly basis, such as CBTC, HMF, and KCIM. BDD reports daily! I commend their managements for their professionalism.   I think that it's important for the company to issue monthly reports for the Havelock Investments Fund, just as they already do for their Havelock Mining Fund.  It's now been almost 6 months since the first listing of the fund back in November 2013.  They indicate that they will issue their first report presumably 10 business days from 3/31, which would be April 14.  Why this news blackout?

I am investor in HIF.  If the fund has nothing to report on a monthly basis that suggests to me that what news there is, is probably bad for investors.    The fund's success depends on some basic metrics such as the # of funds, trading volume, monthly fees charged to funds, and # of new funds in the pipeline.  These are all listed and explained in the Prospectus.  The monthly reports I want should update this data on a monthly basis.  It's not that hard to do. If the actual results are not as favorable as the assumed results mentioned in the Prospectus, the sooner I know about any gap the better.  Havelock should set the standard for communicating to its investors proactively, and not be one of the worst funds in terms of disclosure.

I won't be making any additional investments in HIF until a clear and timely communication policy is formulated, communicated to investors, and actually implemented consistently (monthly at least).  We DO have a right to know!