"We trust that you will avoid using harsh language and will refrain from making unsubstantiated allegations against individuals and firms. Your constructive feedback and opinions are very valuable to all of us in the industry. "
FT is the counterpart of a conservative investor, in the AMC space. Thank god such companies are there to add sobriety in times of excessive enthusiasm all around! That they are steering clear of emerging themes, however attractive they might appear now, speaks of what they themselves have learnt in the past in a hard way! Their internet opportunities fund, and a torrid phase in Prima itself, are caveats for us advisors too, in not spreading the excessive enthusiasm of todays market to our valued investors.
A vivid philosophy. A peer comparison in the form of critique would have been gr8.
Excellent analysis