Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Hussman has been predicting a market plunge for many years. Eventually, he will may proven "right" to some degree. But he has been wrong 90% of the time. For once, however, he has a growing chorus behind him.
Re-openings usually are.
I find that most fund families, spurred on by greed, will (re) open it up to brokerages. I'm not aware of too many funds that make new investors purchase shares directly.
Its a smart move by RiverPark.
"New shareholders may open Fund accounts and purchase directly from the Fund (i.e. not through a financial intermediary)."
Kind of a limited re-opening. Very limited.
