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But maybe he is invested in the Institutional or Privately Managed versions of his funds? That link above by VF does not list all of their funds.
I too would like to see managers invested in their own funds but I'm ok if they're invested in simila…
MSF: Vanguard puts a restriction on how frequently you can buy/sell ETFs in VBS (Vanguard Brokerage Services) accounts. Specifically, "if you buy and sell the same Vanguard ETF in a Vanguard Brokerage account more than 25 times in a 12-month period,…
Yes - very interesting.....
"For the first time, two Morningstar Manager of the Decade nominees will team up to run a new fund. Steven Romick of FPA and Jeffrey Gundlach of Doubleline will join a team from Loomis Sayles and Water Island Capital to …
'China Is the New Dot-Com,' Says Outgoing Securities Chief
http://online.wsj.com/article/SB10001424052702304259304576372943261984356.html?mod=WSJ_PersonalFinance_PF5
WSJ: Funds with Maximum Flexibility
http://online.wsj.com/article/SB10001424052748703421204576329423615516668.html?mod=WSJ_PersonalFinance_PF14
Having that kind of flexibility gives go-anywhere funds the ability to "cover a lot of ground that I can…
Yes but don't forget too that for the past 3 years, Microsoft stock has been down for Einhorn as well. At the beginning of the year, MSFT was almost $29 and recently down to $23.
Look at Cisco the past 1 year --- high of over $24 and down to $16…
Piggy-backing on this thread to add some fund investment related articles....
Royce Funds - Exploring Global Small-Caps
Indonesia and Malaysia: Uncovering Quality in Southeast Asia
http://www.roycefunds.com/News/global/2011/0523-indonesia-malaysia…
Also, I'm not sure if this was mentioned recently in this forum about Janus Contrarian fund but here it is.....
Janus Capital Group Inc. (JNS), the Denver money manager struggling with client defections, will absorb the hedge fund founded by Dan K…
Yes surprising. Walker was the co-manager on both Global and International funds and has been with Wasatch for 10 years.
Gardiner was a longterm veteran, 29 years there and helped to put up the good longterm returns of their Microcap fund before m…
Like I said before age can also play a role in terms of how long one is willing to wait it out. We have some people here who are in their 60's and 70's who can't wait that long. Frankly, I'm even suprised the mid 60 year olds and 70 year olds were…
That definitely makes sense especially when we talking about different age groups.
I'm still in my 30's but some here are in their 60's and 70's who have trimmed back or sold out of FAIRX. By all means, I probably would too if I were 70. You had …
Cisco stock has been dropping (about 33%) for the past 1 year.
Fairholme bought Cisco throughout Q1 --- it's about 4% of their portfolio now.
Cisco stock has been trending down for the past year and even the past few months so that obviously isn't…
That's interesting --- I wonder why he would team up with Aston on the creation of this new bond fund? What type of bond expertise does Aston add to this new bond fund?
While that is true, the research paper looked at really really long time frames. So it's not true that you can't do well in 5 - 10 year timeframes. Looked what happened the past 10 years in EM.
We enjoyed nice returns because we started with lo…
Let me add one for this morning....
WSJ/Marketwatch
To make money in stocks, follow the big money
---Focus on midcap, high-quality companies with ‘organic’ growth
http://www.marketwatch.com/Story/story/print?guid=1124EC66-703E-11E0-B644-002128046…
Just wish it were a bit cheaper though. Perhaps will drop in fees over time.
Lazard also just recently came out with a similar EM stock/bond strategy fund....
"The Lazard Emerging Markets Multi-Strategy Portfolio (the “Portfolio”) seeks total ret…
I'm ok with holding it because overall on the portfolio level my wife and I have a pretty good hold on fees because we also use hold a good chunk in Vanguard funds. As an example, their Midcap Index fund (10-years as of 3/31: +8.86% annualized) has…
Yes I have RIVFX as well and really like it as a go-anywhere global small-midcap fund.
By the way, according to their website, the fund actually has 10% in "Treasuries, Cash & Cash Equivalents" as of 3/31/11.
Their value investing style is …
Pimco Is ‘Large Overweight’ on China, Predicts Earnings Growth in Region
[Bloomberg]
http://www.bloomberg.com/news/2011-04-13/pimco-is-large-overweight-on-china-sees-profit-growth-after-tightening.html
Pimco EM Multi-Asset Fund Overview sheet
http://investments.pimco.com/MarketingPrograms/External Documents/PIMCO_Emerging_Multi_Asset_Fund_Overview_PO6025.pdf
For anyone's consideration if looking for a multi-cap value fund that's small enough to overweight small and midcaps as it pleases....
http://www.streetinsider.com/Press+Releases/Heartland+Select+Value+Fund+Named+by+Lipper:+“Best+Multi-Cap+Value+Fu…
Your points and worry are also well-taken too. Some new investors have asked should they jump into FAIRX now and I have responded 'maybe not.' It's going to be difficult for FAIRX to get exceptional returns say between now and the next 7 years. I…
Well at least you got decent returns rights? How about the smucks who were in highly touted funds such as TAVFX and MUHLX back then? Have you seen their 3 and 5 year returns? How about those that got into CGMFX 3 years ago? -13% annualized 3-yr …
"flip side, note that AMG has sizeable owndership of Tweedy Browne and Third Avenue, and both of those shops don't appear to have been compromised in their service to clients and commitment to their investing style."
You didn't hear about the negat…
Frankly, I've seen Gross and El-Elrian on tv way way more than Berkowitz. Furthermore, in the past 6 - 12 months, I've seen the First Eagle and IVA managers on Bloomberg and CNBC much more than Berkowitz has been.
