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Jim Letourneau's Blog

Investing, Technology, Travel, Geology, Music, Golf. I think that covers it.

Forbes and Manhattan Offensive

Nice full page add in The Globe and Mail this morning documenting the successes of Forbes and Manhattan. They charge significant management fees to their portfolio companies and a few dissident shareholders and bloggers have been providing examples.  Their controversial fee structures are disclosed in public filings. 

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Last week one of the Forbes and Manhattan portfolio companies, Dacha Capital, took out a full page add disparaging the performance of one of their dissident shareholder groups. 

A reporter once told me that If something is disclosed in a public filing it could hardly be newsworthy. In this case it certainly appears to be adworthy.

Don't forget to read the ads, sometimes that's where the real story lies.