FYI: The assets always peak with the peak in performance, because if the performance kept up, the assets would keep going up.” – Bill Miller on Masters in Business with Barry Ritholtz
It was early 2015 and life was good at the MainStay Marketfield Fund. So good in fact that its parent company (New York Life) was busy looking for the “Next Marketfield”…
“The Marketfield Fund, run by Michael Aronstein, had about $2 billion under management when New York Life agreed to add it. Marketfield, which can bet on share declines and use options, now oversees more than $20 billion, making it New York Life’s largest mutual fund.
Regards,
Ted
https://pensionpartners.com/the-hardest-thing/M* Snapshot MFLDX:
http://www.morningstar.com/funds/XNAS/MFLDX/quote.html
