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It hit about $7.50 today, way below the $14 it hit when resumption of diplomatic relations was announced in 2014. Any way I look at it, this fund has not made anyone much dough over its lifespan. It remains an "idea" investment for me and believe me…
I wondered if Geritz left Wasatch and subsequently entered into talks with GP as the letter to investors makes it sound. Just didn't ring entirely true to me.
Hard to believe that RPMGX ranks at the top of Lipper's MCG category when AKREX has clocked it since the latter's inception in 2009. AKREX's buy-and-hold strategy will result in me paying around 4 cents per share in distributions. A fund to hold.
Just dropped my long-time subscription (an el-cheapo one at that) because of irrelevance. Got sick of seeing Mario Gabelli and the like year after year.
The NEA has done a terrible job of representing teachers and their investment options beyond what defined benefit programs most states and school districts have offered. Now that many teachers are being forced into defined contribution retirement pl…
LC Core: SFLA and MOAT
LC Growth: ROLA and LSGRX
If you subscribe, the following link will take you to the relevant page:
http://online.wsj.com/mdc/public/page/2_3061-mfq16_3_CategoryKings.html#catcore1
Glad to see MOAT up there as I got back in…
The WSJ monthly rankings of funds has DSENX and CAPE at #1 and #2 for one-year performance in the Large Value category. CAPE still has only about $35M in assets, so come on, momentum guys!
For an allocation fund whose performance has hugged the return of the S&P 500 for the past 10 years, go for the Bruce Fund (BRUFX). It's by far my biggest MF holding.
Thanks for this posting. I found it long and repetitive, but maybe that's the true lesson for a value investor. My other observation is that Klarman implies you have to work constantly at uncovering undervalued securities. Seems to be advice for the…
Higher Ed is way behind in developing and implementing instruments that really measure what students learn during their tenure in college. Sometimes called "assessment," a good system requires the faculty to say in concrete terms what it takes to ea…
Not exactly the same animal, but RIV from RiverNorth has been operating since last December as a CEF of CEFs. Presently it trades at about a 2.7% discount. RIV can hold ETFs, but it does not seem to now. NAV has risen about 6%, but the price only 1%…
I am puzzled by the transaction as well. A Connecticut regional bank is taking over G-F, but the articles I saw say nothing about preserving the management of the MF's. Here's one announcement:
http://www.prnewswire.com/news-releases/peoples-united…
As for SEEDX, it was what I call a good "story" fund. It seemed the managers had great pedigrees and their plan seemed like a winner. There are "story" stocks out there and they are known money pits; I'd venture the same for some new MFs.
THQ is a bit of an odd-ball in Tekla's line-up of four health funds. Goal is more income than capital appreciation. I'm not sure why its discount has been so high, but it has come down. HQH and HQL do not have appreciable discount or premiums these …
@davidmoran: CAPE is not hard to trade if you are willing to pay/accept the bid/offer. If you count your pennies, however, it may be hard to get the price you think is fair. Low volume seems to create the wide spread.
@TSP_Transfer: thanks for posting the recap of the February webcast. The last line of that pdf reads, "DoubleLine believes the Fund would be a compliment to other large-cap value strategies." Whether it's a compliment or a complement, only the gramm…
I suspect the proliferation of ETFs, ETNs, and particularly the "enhanced" versions (3X bull, 3X bear, etc.) has made the star manager a relic. I for one wish the financial press would not list ETFs alongside MFs when highlighting the quarterly, yea…
The US economy would be great again if we returned to the days when our then recent enemies and vast portions of the world devastated by WWII were no competition. However, that would be to return to a world when most boats were barely afloat while t…
Selling OAKBX was good for my portfolio. M* had this to say about the fund very recently:
"Silver-rated Oakmark Equity & Income (OAKBX) has had only middling results since Ed Studzinski retired in late 2011…"
At the time of Mr. Studzinski's r…
I'm sure one of our members can find a spot for the worst-taste Super Bowl ad for Opiod-Induced Constipation. Holy %@&**, what is the country coming to?
Took a shot at ISMRX shortly after it was mentioned by David. Hanging on to all my Grandeur Peak funds, but sold Matthews Small Asian because of overlap.
For foreign large growth, JOHAX is my choice, although it is recovering from a serious drop in 2015. Over the past few years, I have cut back on pure foreign stock funds in favor of global funds. My best result has been with ARTRX, worst with now-de…
I guy would have to wonder if SCMVX, one star and only $24M AUM, will also soon be gone. What an incredibly poor record compared to the small value benchmark.
I bailed on Harbor Int'l about three years ago. I also recommend FMIJX. Third quarter report just came today and I have linked it. I think the discussion will give you a good idea of how cautiously the fund is managed.
http://www.fiduciarymgt.com/…
@Crash: It's "multi-factor," as explained by the fund company here:
http://gersteinfisherfunds.com/approach/process/?gclid=CI_FmsPkk84CFYU2gQodRiEHkw
I guess I should have provided more information earlier.
I recently took a position in GRMRX, not for its income, although it does distribute quarterly, but for capital appreciation. This global RE fund has a fine three-year record and I really liked their write-up on momentum investing on their site. The…
