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  • That's too bad. I'm invested in RAIIX and have been very pleased with its performance and small asset base. I'm particularly concerned by this sentence in the press release:

    "The transaction is structured with an initial upfront cash payment funded through the Company’s available cash position, with additional payments based on Rainier achieving certain financial targets over a four year period." Certain financial targets being AUM?

    I fear another Marketfield fund scenario where asset bloat (after being acquired by NY Life) ruined a good fund.

    I need to reconsider my investment in RAIIX. What other alternatives might one suggest for small-mid international growth? Perhaps GISOX?

    Disappointed.
    Mike_E
  • The two are supposedly going to operate autonomously, but I definitely think there is the risk that M&N brings more of an asset gathering mentality and doesn't let Rainier close the strategy at a reasonable asset level.
  • Well said JoJo26.
  • edited December 2015
    I looked at Rainier and saw a boom bust mutual fund shop and passed. I am flabbergasted at RAIIX performance. Wonder how people figure out things are going to work out...

    Then again it is institutional fund, so...
  • I fear another Marketfield fund scenario where asset bloat (after being acquired by NY Life) ruined a good fund.
    mnzdedwards, the big, or actually huge difference between NY Life and Manning and Napier is that one is an insurance company and the other is a well respected mutual fund custodian. It could be a plus for Rainier funds but only time will tell.
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