We chat Monday with Greg Jackson (ex-Oakmark Global) and John Park (ex-Acorn Select) about Oakseed Opportunity. The guys seem enthused and Greg listened-in on last month's call with Zac Wydra as a warm-up. I expect they'll talk about their decision to leave the world o' private venture capital funds for the relative calm and sanity of a global equity fund. If not, I'll likely ask them about it. Too, I'm likely to ask about their decision to lower their institutional minimum by 99%, what they make of the number of other mutual fund managers who've made large and visible investments in Oakseed (the fund's already at $80M AUM) and about the internal dynamic / division of responsibility.
Their latest factsheet is posted at their (attractively revamped) website. If you're not able to make the call but would like to have me raise questions on your behalf, I'd be delighted to do so. Just let me know what you're thinking.
And, too, it's easy to
register for the call! (Monday, 11/18, 7:00 Eastern)
As ever,
David
Comments
1) Why has TD Ameritrade refused to lower the minimum for SEDEX to the revised level?
2) Does Oakseed plan to make the fund available through Fidelity's fund network?
-Do they see the mutual fund as their only investment vehicle? (Do they see opening more funds)
-Would they use this fund to invest in non-traditional assets, e.g. venture capital that the average investor(me) would not be otherwise able to get into given their background and expertise?
As always thanks David.
David
It feels like they are in desperate need to raise funds in a short time. A lot of funds have institutional investors or someone famous but they are not dropping names like this. I find this as most unusual... Maybe they all should disclose large investors but this is not the norm...
Can you ask them about this and the motivation? Why can't they wait for fund to prove itself instead of going through this promotional route?
This strategy seems to me like a bet on the find manager. What am i missing?
How often will holdings be disclosed? How transparent is fund?