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For "starters," it appears it will be several of the Vanguard funds (larger index funds + Windsor) and the Virginia College 529 plans. In a broader sense, 1,364 large blend MFs that own it.
http://investors.morningstar.com/ownership/shareholders-ove…
@TheShadow Well, that is a "second order" question, which tells me (as if I didn't realize it already) that you've walked around a few blocks in the MF World. I did intend to pursue that question while sniffing around the Chartwell site, but the li…
@Junkster You nailed it, buddy!
http://www.bloomberg.com/news/articles/2016-01-22/oil-s-collapse-hurting-states-that-were-counting-on-50-a-barrel
What in the world will those Alaskans do to fill the void, now that they won't be able to simply kick…
And here is the website of the new advisor for the Berwyn Funds, Chartwell Investment Partners ("a wholly-owned subsidiary of TriState Capital Holdings, Inc., a registered bank holding company based in Pittsburgh, Pennsylvania"), who will be swallow…
Remember that PONAX/PIMIX has a (quasi-) defined distribution policy. Last year, the fund had so much extra dvd flowing in that, by year's end, they had a special dvd distribution they had to release (12/29), just ahead of the fund's usual dvd payou…
On the other hand, big horses with broken leg(s) are usually put down. Not doing so ASAP can lead to much bigger regrets later.
@Mark It took me a while to find this. Thought you and others might find it amusing, as well as humbling; I can't imag…
There seem to be points in Time where death finds people who have had some connection to each other at certain points in Time in the past. When you're 60 and it happens, you notice it, and look back in the rearview mirror and realize it has been hap…
@hank Considering how frazzled you must be with all the gyrations you've had to go thru just to make your plans, perhaps you should consider taking an 'emotional support companion' along, so you won't be a nervous wreck to begin your R&R in Flor…
It's like a warm hug from Daddy. "There may be more stormy seas, but then the waters will calm, and the Good Ship Lollipop will sail on, child, so dontcha worry now, ya hear?"
Very concentrated medicine: top 10= 48.1% (and, coincidentally, about that much exposure to foreign currencies). Expect virtually no yield from this puppy.
http://www.vaneck.com/market-vectors/equity-etfs/gnrx/Holdings/
I have yet to find (and I have looked pretty hard) any credit breakdown of the muni holdings of PTIAX. Based on day-to-day NAV action, I have always suspected that the fund carries a good chunk of junk muni bonds. I wouldn't assume IG for this part …
I think the whole circus is pretty disgusting and depraved. If you buy more than one ticket, MJG, you will surely be reincarnated in the next life at least as a human of lower station, if not as a lower life form altogether. :) I fear for your soul…
So, I guess this means that all us little people, who choose to do otherwise, will be crushed in the conflagration, rolled like crumbs off the middle class table into the poor house, left hoping against hope to catch on, in some capacity, with the r…
@Crash oh no, I'm sorry, I didn't finish that sentence very clearly. I was referring to the new DL offering, in terms of waiting. All things considered (that have been going down in the world), I think PRSNX has accommodated itself rather well. I th…
And how about those Bucks!?
http://espn.go.com/nba/team/_/name/mil/milwaukee-bucks
If only there were ways not to report that record.
http://www.jsonline.com/sports/bucks/bucks-owner-marc-lasry-not-panicking-after-slow-start-b99649495z1-364928821.h…
@Crash Yes, hasn't DLFNX been a pleasant surprise? I expected more volatility. As for this offering, I've grown a little partial to my PRSNX, too, and just did some rebalancing into it to get my ave. share cost down, so I'm gonna watch and wait. As …
@msf I meant the the jurisdiction, as reported, couldn't be right: New York State Supreme Court ; but now that I read the summons, it does say Supreme Court of the State of New York, so............ I'm gonna have to look up what branches of the NY …
Let the Games Continue. This brief blog was based on info reported in Reuters by John Stempel. Case noted is Epstein et al. v. Ruane, Cunniff & Goldfarb Inc et al, New York State Supreme Court, New York County, No. 650100/2016. Jurisdiction can'…
"There are potential bargains available..." [what is a "potential" bargain? as distinguished from what--- isn't everything?]
"More investors might be thinking about taking that risk ..." [might be? well, that's certainly an observation (?) worthy of…
@vkt
Regarding the apparent demise of HC/biotech, it might be helpful to refer back to an October post by @Puddnhead in which he reported exiting his heavily-weighted positions and his reasons for doing so. He didn't propose it as advice, but his i…
http://www.bankrate.com/finance/consumer-index/money-pulse-1215.aspx
What would you do to pay for an unexpected expense of $1000? And for one of $10K? Answers from different age groups, this year and last:
Good news: looks like Millenials, so often…
This is due to currency (onshore) devaluation, done by the PBOC before markets opened. It was not unexpected, but quite a bit larger than expected. Fear of capital flight, people wanted out NOW.
As predicted by Mish Shedlock this afternoon (our tim…
@linter If there are too many weeds for your taste, perhaps you could consider planting some flowers in their place. You know, contribute some posts with material that would be useful, detailed, enlightening, informative (unlike your bile). In the …
Like greyhounds chasing the mechanical whabbit around the race track, until "hey, where'd the whabbit go?" [it's the end of the race, clueless canine] Fess up-- shameless muni momo traders is whatcha are, uh-huh. :)
@Junkster Yeah, corp junk might …
@vkt I certainly don't see this post as irrelevant and thank you for doing it. If anything, it sensitized me to be on the lookout for similar fare, such as:
http://www.americanbanker.com/news/bank-technology/how-banks-can-prosper-in-the-age-of-digit…
“That’s the effect of living backward,” the White Queen said kindly. “It always makes one a little giddy at first—”
“Living backward!” Alice repeated in great astonishment. “I never heard of such a thing!”
“—but there’s one great advantage in it: …
Remember, in addition to a relatively high e.r., RISAX has a high FEL. Perhaps, once in the M&N stable of no-load funds, they'll be able to eliminate the FEL, like FPA decided to do several yrs ago, making the offering more palatable for retail …
@BenWP Hey, you need to visit more often; JoJo caught it recently:
http://www.mutualfundobserver.com/discuss/discussion/24883/manning-napier-announces-agreement-to-acquire-majority-interest-in-rainier/p1
Yes, Gendelman was formerly at the House of Marsico. He managed the Multicap Growth fund for a number of years, quite successfully, until "something happened" one day and it was simply announced he was no longer managing the fund and was no longer a…
