From previous discussions, I know there are some readers/posters around here who know or are invested in PRBLX, Parnassus Equity Income, as I am. So this comes as a Huh? moment: Parnassus, with several funds but none that venture beyond the U.S. borders except in dribs and drabs, is launching an Asia fund, to be managed by Jerome Dodson**:
http://www.parnassus.com/our-firm/highlight.aspx?hl=121Does JD really think, with no history at all in Asia, or really ex-U.S. at all, that he can compete with that, um,
other San Francisco shop that specializes in Asia? And if he thinks a competitive edge might come into play through P's mild social & environmental screening, why wouldn't he start a broad ex-U.S. fund instead of a focused fund?
** JD is the dad of Stephen Dodson, the manager of the Bretton Fund, the subject of David's conference call on May 28.
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