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Bobpa said:I am seriously considering moving some if not all of my position in TMSRX to PMEFX.
I am seriously considering moving some if not all of my position in TMSRX to PMEFX.
fred495 said: Bobpa said:I am seriously considering moving some if not all of my position in TMSRX to PMEFX.
FYI, co-manager Mark Saylor left the fund in October. Apparently, the fund is only available directly from Penn Mutual.Fred
“The strategies currently available to the managers include Macro and Absolute Return; Fixed Income Absolute Return; Equity Research Long/Short; Quantitative Equity Long/Short; Volatility Relative Value; Style Premia; Dynamic Global FX; Dynamic Credit; and Global Stock. Mr. Hubrich explains that “there is a spectrum, where on one end you have strategies (like Style Premia) that are ‘born’ as absolute return strategies and require no additional hedging at all, while on the other end you have strategies (like global stock) where a traditional long-only investment is paired with an explicit, meaningful hedge.” While the constellation of strategies included in the portfolio changes with evolving market conditions, the goal remains to provide an absolute return portfolio throughout.”
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