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Catch, any reason you shy away from DBLTX? I have been happy with PTTRX's returns this year, especially with gross on the wrong side of the treasury trade this year, but DBLTX remains on a tear. Are you awaiting resolution on the TCW battle? or i…
MLP ETF's & ETN's DO NOT generate K-1's. see AMJ or AMLP. For reference, the following link explains the structure of these MLP ETF & ETN's and what they invest in specifically.
http://seekingalpha.com/article/217983-all-about-mlp-etfs-an…
Reply to @catch22: They relate to Bill Gross because both seek a similar risk/return profile and are able to venture wherever they want in the fixed income world. Although Fuss is a phenomenal manager (the whole team at Loomis are really good), the…
Reply to @fundalarm: I was speaking about TFSMX particularly. And from what i have seen, there really aren't any 40 act funds that have executed on a true market neutral strategy.
As for what TFSMX has done this year, up 5.43% ytd, so not too ba…
Reply to @fundalarm: It is never market neutral. There is always a net positive exposure, that is why i compare it to a 130/30 fund. Over the last three years, i believe the net exposure has stayed around 60-70% net long. I had this discussion wi…
Grant's Interest Rate Observer, Jeremy Grantham (although rather pessimistic), Howard Marks from Oakmark (when he decides to write), Doug Kass (through seabreeze website or real money), Steve Leuthold (gives a nice mix of technical and fundamental),…
Giving up on Rommick is ridiculous. One of the best investors of our time. You will join the long list of people who left in 99-00 and got completely whipsawed with Rommick outperforming the market by 46% in the following tech crash. Not to say y…
Please note: TFSMX is more of a 130-30 fund rather than a true long short. Their quantitative strategy is fundamentally based (confusing i know). Basically they take a premise, (stocks with p/e under industry will appreciate it), then back test i…
To clarify, the fund buys short term "special situation" bonds. I recently spoke with the fund, in an attempt to get them onto our platform at LPL. These bonds include as David highlighted, high yield bonds that have been called, high yield bonds …
Definately Cap App (PRWCX) but the manager of cap app from the mid 2000's started his own fund prospector capital appreciation (also of interest), but performance has not fallen of at all.
Andrei, if you can't trust a manager with a 20 year track record like Don Yacktman's, im not sure any value fund is going to be right for you. And yes, but if you held those funds through 2002, you lost nearly 45% of that 17k, where as Yacktman pro…
I'm not sure what underperformance you're talking about (+30.4% '95, +26.02 '96, +18.28% '97) after that, the underperformance is from not investing in tech during the bubble which paid off in the 00-01 bear market (up 13.46 and 19% respectively). …
As far as i know, most of the legal trouble has past. I know TCW still has a suit outstanding, but this reeks of a fund company wanting their stud manager back. DBLTX is currently the only core bond fund we use (the others being TGBAX or the total…
Yacktman is going to provide high quality dividend paying stocks in the current climate. It is a true value fund, (Don yacktman, the manager almost got ousted during the 99-01 tech bubble because he refused to invest in the .coms) and will hoard ca…
