will799

Cornerstone’s Unauthorized Liquidation

I think these funds are ripoffs, but they confuse me. Looking at this thing from the manager's point of view why are they doing this? They take over, and immediately reduce their pool of managed assets. They are liquidating their own assets under management and destroying their own sale value as a management company. It seems even more destructive to the manager than the stockholders. And at stome point the fixed costs of operation will force a liquidation, and then the manager is just out of business. Does anyone see the logic here, or a sensible business plan? Maybe someone's comments will cast some light on me.