"New fund manager" - not impressed.
Price is dropping - I just bought back my tendered shares $1.50 lower than the tender price.
Trading at about a 12% discount to nav.
In my opinion, this is not good.
As another long term holder, may I add that you are partially correct. SWZ has also been an underperforming asset with a weak management. I only keep it as it is my only pure western european holding and domiciled in the most stabile country. Let us all hope for a brighter future for SWZ and us.