Conference was held in Chicago. Charles’ comprehensive summary of the meeting includes some nice insights into PRWCX and manager David Giroux’s methodology. The most tantalizing line to me was:
“The fund used the current correction to reduce its cash from 12% to 3% and go overweight equities. If equities decline further, he (Giroux) will add more …”
This might also fit under “Other Investing” as it’s a commentary on the broader markets as well as a single fund.