WBMAX almost down 17%
WBLSX almost down 4%
I own the latter. I'm thinking OTCRX and ACVVX are better replacements. Something seems broken at Whitebox. Only a severe bear market would correct the situation and I don't think the Fed will permit that. I did move half of my WBLSX to OTCRX earlier in the year. One "Hussman" is quite enough for me personally. I think the issue with some Long/Short managers maybe their "academic theories" seem to be a dogma they cannot escape.
I know Whitebox was a darling of some on the board. I never got convinced on WBMAX but thought WBLSX would be a reasonable risk cash alternative. Anyone still own these funds?
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Kevin