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An MFS Investment Manager Is Fighting FOMO and Dumping Stocks
Manager at $500 billion firm resists chasing historic rally This recession is worse than previous downturns: Almeida Wall Street is counting on FOMO, or fear of missing out, to power the next leg of this fierce stock rally. But some, like Rob Almeida, refuse to be drawn in.
I know Robert Almeida is a manager for a fund I invested in , 'MFS Managed Wealth' fund MNWAX. It's a very conservative L/S fund that seems to move forward in any market, albeit at a slow conservative pace. I started using it as an 'alternative" to short term bonds. David had some discussion on it in one of his commentaries about alternative funds.
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