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M* Q&A With John Osterweis, CIO, Osterweis Funds: Video Presentation
FYI: As long as the economy is growing, and inflation isn't a problem, any increase in rates caused by the Fed should be a good sign, not a bad sign, says the Osterweis Capital Management chairman and CIO. Regards, Ted http://www.morningstar.com/Cover/videoCenter.aspx?id=695719
A few random comments (by someone who otherwise is intrigued by the shop)
1. Only downside I can see to OSTFX is that it tracks very much the Vanguard all-cap index, with slightly less volatility (and Osterweis benchmarks the fund against the S&P500, in spite of the fact that its an all-cap fund; a fact that their investor relations department has been unable to explain to my satisfaction). So, unless I'm misreading the charts, I don't see much value-add there.
2. OSTIX is a wonderful fund. Will be interesting to see how it weathers the impending turns in the bond market in the years ahead. I think the fund has extended beyond what Osterweis cited as their intended capacity for the strategy.
3. OSTVX tracks, remarkably, TRRCX.
4. Osterweis says, across their strategies, they intend to limit downside risk. Admirable enough. On paper, however, their funds look to be more volatile than their respective benchmarks.
Comments
Regards,
Ted
1. Only downside I can see to OSTFX is that it tracks very much the Vanguard all-cap index, with slightly less volatility (and Osterweis benchmarks the fund against the S&P500, in spite of the fact that its an all-cap fund; a fact that their investor relations department has been unable to explain to my satisfaction). So, unless I'm misreading the charts, I don't see much value-add there.
2. OSTIX is a wonderful fund. Will be interesting to see how it weathers the impending turns in the bond market in the years ahead. I think the fund has extended beyond what Osterweis cited as their intended capacity for the strategy.
3. OSTVX tracks, remarkably, TRRCX.
4. Osterweis says, across their strategies, they intend to limit downside risk. Admirable enough. On paper, however, their funds look to be more volatile than their respective benchmarks.