Wilson Asset Management (WAM) are arguably the leaders in LICs in Australia. They currently directly manage three listed vehicles (WAM, WAA and WAX) and have just completed an IPO for almost $400 million for a new LIC, the WAM Leaders Fund (WLE). These four LICs comprise more than $1.5 billion of assets. In addition, WAM were the originators of the two Future Generation LICs, FGG and FGX, which serve a dual purpose of being investment vehicles and donating to charities.
