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.
I tried to post this in the morning but MFO didn't cooperate. So, I had all day to refine it (-:).
Great follow up by @lynnbolin2021 on perpetual withdrawals. Also many thanks for the mention of my related note.
Bolin's new perpetual withdrawal po…
FWIW, the newer Bcred net assets ($82 billion) are higher than that for older Breit ($53 billion). Both have higher gross assets.
Private-credit market is more specialized than the real estate market.
Central time 4:50pm
Edit/Add. I noticed that MFO came on in the afternoon, but times shown in this thread are all morning times. So, this was a quick check and the TIME STAMP IS WRONG.
(Restored from 3/1/26)
Why do private-equity/credit like insurers?
X/Twitter video explains why private-equity/credit like to own insurers - they have money to invest (float or reserves), don't have to mark-to-market (MTM) under HTM accounting &am…
Media loves rankings - they are everywhere for everything.
Barron's also publishes several annual rankings and the fund family rankings in the OP are among them.
Being asset-weighted in categories evaluated, they reflect the asset tilts of the fi…
Apparently OpenAI made a deal with Pentagon on terms similar to what Anthropic was insisting. But the devil may be in the details or somethings are hidden.
I asked AI to update this - the cube is a bit larger, but value is much higher.
The "Buffett Cube" Evolution
Your 2011 figures refer to Warren Buffett's famous shareholder letter comparison between gold and productive assets:
2011 View: 170,000 t…
Most stories on the web don't clarify her current visa status.
But this NBC story clearly indicates that she has a current student visa & is a senior close to graduation. DHS had her 2016 case info that may have been stale - they picked her up …
@Mona, some states do allow Medigap switched on guaranteed basis (with some restrictions), but in general, no. Medigap switches may require medical underwriting. People later regret being trapped in wrong Medigap plans.
So, if one cannot afford P…
If you have SV available in your 401k/403b, then you can compare rates with various flavors of SV from TIAA and also Fed TSP G Fund SV (it updates AFTER the month-start).
WSJ reports that rights to tariff refunds are now trading at 40c-45c of expected face values. Of course, companies may holdout for 100% refunds, or sell rights to speculators now. Treasury Secretary Bessent said in another interview that refunds may…
When foreign leaders complained about not receiving information on trade rule changes formally, they were told to just look at White House website. A formal letter may or may not follow through diplomatic channels.
Even those sent were mass form le…
I was monitoring White House website after Friday & 15% tariff never made it there. I even commented on it in social-media.
So, 15% tariff just remained in the Truth Socia post & in the news.
https://www.linkedin.com/feed/update/urn:li:act…
I checked after login that IQMM is NOT supported at Fido and Schwab.
On web search, I found that Fido and Schwab BLOCK competing m-mkt funds (OEFs or ETFs) on their platforms. They want customers to use firm's m-mkt funds.
But IQMM may be availabl…
OK, this is all above my pay grade. Are there any legitimate concerns regarding SNSXX / SUTXX? We have significant holdings in both of those MMKT funds.
Nothing wrong at all. It's a regular Treasury-only m-mkt fund that can also be used by crypto s…
From SEC:
Today, the Division of Investment Management issued an exemptive order for WisdomTree Treasury Money Market Digital Fund to permit investors to trade the MMF's shares at $1 with a dealer on an intraday basis, regardless of its end-of-day N…
@a2z, I just searched the web, including my site, for references of GE by Giroux and that's what I found - he got in sometime in 2018 (around when Larry CULP was announced as old GE CEO) and the last mention I could find was in Barron's mid-year Rou…
Fed is requesting comments (60 day period) on removing reputational risk as a criterion for closing bank accounts. This rule change would apply to banks under Fed supervision.
https://www.federalreserve.gov/newsevents/pressreleases/bcreg20260223a.htm
See 2-yrs for Bitcoin $BTCUSD, may look like eternity for normal stocks. But despite all crypto hype and new favorable regulations, it's back around late-2024 level.
https://schrts.co/UcNWKcIT
PRWCX is fairly concentrated with 38 stocks for $70 billion hybrid fund. Giroux was into GE from 2018 to mid-2022. If he traded smartly, he gained 2x-3x. But since mid-2022, GE went on to gain further 5x-6x (StockCharts, 1/1/28- ), so Giroux left a …
Axos Financial/AX has interesting history of expansion of operations that others discarded - Principal, H&R Block, Nationwide, COR Clearing/Mutual of Omaha, E*Trade Advisors, Signature Bank/FDIC, etc. Looks like a junkyard of finance.
https://en…
This week's Barron's offers interesting opposite views. Barron's critics who think that it has only one view should take note.
Michael REID argues that AI productivity bonus won't be there soon. He thinks that the US economy will be bogged down due…
Those trade deals that haven't been written down and ratified yet by countries are probably in limbo.
This is the nature of governments - leaders negotiate tentative deals that they think would go through, but those countries' parliaments/legislatu…
Blue Owl/OWL tried to merge its smaller private-credit BDC fund OBDC II into larger OBDC in 11/2025. But there was lot of opposition from holders - the funds were at different discounts and merger numbers were to be based on NAVs, not prices. Marc L…
I asked Google AI/Gemini, "what methodology Gemini AI uses for determining allocations among given funds"
Response
AI Overview
AI on Google Search determines fund allocations using large-scale data analysis. This includes market trends, past perfor…
Reading the news, it seems that both FDA and Moderna/MRNA should share the blame (BTW, its ticker symbol matches mRNA).
Moderna may have become overconfident because of speedy emergency approvals of its Covid vaccines during the pandemic.
So, this…
"Pledging and actually handing over the funds are two different things I believe."
Ask S Koreans about it. Something got lost in communications or translations, so, when the US Administration asked S Korea to handover $350 billion in cash, they wer…
FIRST robotics is a great program that introduces student to engineering early.
https://en.wikipedia.org/wiki/For_Inspiration_and_Recognition_of_Science_and_Technology
But what happened to Dean Kamen? There was lot of buzz around his Segway in 200…
Do the Kaishi and Polymarket ads come with information on how to get help for your gambling swapping addiction issues?
Casino and online betting services do support some social services to address gambling addiction. Remember, they encourage "respon…
