OK, Gerry started out saying that they were JUST GETTING STARTED in the last month with the Small Cap Index Fund which is probably why you are not getting much info on them.
As far as the AUM, he got a bit antsy about providing information and said that he had to defer to legal council on whether or not he was allowed to release such information and then came back very exhuberant with comments that we would be receiving that information VERY SOON in a publicly released PR, and he was not allowed to tell me such until the PR was released. I almost got the impression we would be seeing it today, LOL, but you know how PR people are. To them soon means within the next three months.
He emphasized that they were going to do an extensive IR campaign. This was a response to me asking about China Direct, but then the more he talked, I got the impression he was talking more about IR for The Ludlow Small Cap Index. I kept trying to bring him back to discussions about China Direct, which was a bit difficult at times - he is very excited about the Ludlow China Index and newer fund The Ludlow China SmallCap Index.
He did say The Ludlow China Index is a closed ended Mutual Fund, but did not say anything about whether or not they went both long and short. The Ludlow China SmallCap Index is a subsidiary of the The Ludlow China Index, not much new there.
He said they had a lot invested in CHDT, not just financial, but a lot having to do with IR and many months of preparatory work. He said they had just recently started accumulating and that they were impressed that CHDT had an "AMAZING" following and a heavy duty market behind them as well as fundamentals (I interpret that as impressive fundamentals). He said to watch for PRs (again he may have been talking about PRs about the index fund and not CHDT - it was hard getting him off the index fund, LOL).
So, I pointedly asked if there was an increased level of excitement regarding potential developments in CHDT due to come out this week. At first, again, he responded with regard to the index fund developing and sending out PRs regarding that, but I brought him back to CHDT and he said Yes, it was appropriate to say they are quite excited about expected developments with CHDT, but did not clarify "This Week", LOL.
I hope this helps.
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