Rushton Capital Management – Trying to check them out

Yes good questions skc. My answers below your questions.
1. Do they have audited broker statements for past performance?
no
2. Which institution / broker will be used?
They use saxo capital markets.
3. How many clients / total FUM do they have?
80 mil under management.$500k min investment so 160 clients- no proof
4. How quickly can one access his own money (i.e. make withdrawal)?
They trade on your behalf so shares and cash are held in your name. he say it’s very liquid so you can withdraw whenever you like.
5. What are the management fees?
2% management fee and 20% on new profits. I have no problem paying for skill but by the time you find out your $10k down.
6. Tax implications (e.g. you may have incurred capital gains/income even when you don’t make any withdrawals)?
Not sure how to answer that. I would hope there would be gains.
7. Will they email you actual statements over the next 3-month before you commit? That way you can essentially walk-forward test their strategy.
I didn’t ask that exact question but they would not even give me a client/testimonial or any audit reports.

Frustrating because they could not give me any proof that their returns were real. I got “we couldn’t publish these figures if they wern’t true because asic would come down on us” But as the funds are held in the clients names how can asic know if the figures are true? They admitted this was true.

I like them because they are local in brisbane and involved in the local community and I like the sound of the strategy. But no proof at all?