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 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…
I have started a new thread on Prediction Markets so as not to take this thread (the OP was on private-equity/credit) more off-topic.
https://www.mutualfundobserver.com/discuss/discussion/65641/prediction-markets
@WABAC, that problem is with small insurers/reinsurers that are acquired by private-equity and then run in questionable ways.
Big insurers' operations are more visible.
State Farm is a huge mutual insurance company and is owned by "us" - I am a po…
Another disturbing trend is that private-equity firms are buying insurers and reinsurers and stuffing their portfolios with lot of illiquid stuff. When will state insurance regulators wake up?
X/Twitter LINK
One obvious problem is that critical decisions in EU (27 countries) or Euro-zone (21 countries) require unanimity. So, those drag on for years because there may be 1 or 2 holdouts.
So, when the issues of Belgian liability only (not joint EU lor Eu…
I don't have first hand knowledge of Adani affairs. But from the media, I gather:
1. Hindenburg Research, the short-selling-firm behind Adani reports is now defunct.
2. Indian courts have reviewed the Adani matter and didn't find irregularitie…
Optoelectronics, optical sensors and optical fiber transmissions used in aviation electronics are impacted by military-grade high-energy lasers, but not by common low-energy lasers.
Conventional electronics is not affected by lasers.
3 agencies, …
2 obvious concerns:
AI savings will be shared with AI providers, so there is a conflict of interest. AI can be programmed to be too aggressive in denials. Then, deal with complaints and appeals.
Appeals will be reviewed by "clinicians" - they coul…
This WSJ story is an update on the old WSJ story in 11/2025 discussed under a MFO thread on the problems of private-credit.
https://www.mutualfundobserver.com/discuss/discussion/comment/200883/#Comment_200883
Unfortunately, several months have pass…
No. HY don't provide ballast for equities or protection during recession. HY has strong correlation with equities. ST-HY has additional rollover-risks during recession.
Only high-quality bonds and munis act as ballasts.
2022 was a very strange year - for stocks and bonds.
BOND is core-plus and ICMUX is multisector. So, PIMIX would be a better comparison for ICMUX.
FWIW, ICMUX also outperforms PIMIX over 5 years.
https://schrts.co/XAJGdIFt
On the positive side, industry-based "standards" and "certifications" are common in other areas. For example, in engineering, there are standards and certifications from ASME in mechanical engineering, ASCE in civil engineering, IEEE in electrical e…
Strangely, the image I posted is opening within MFO in my Chrome & phone Android. But I am reposting it via ImgBB,
I think that Bloomberg guesses are coming from also looking at the data from central banks or governments that are published by…
Another source provides additional insights.
As the footnote in the Treasury link notes, the data in the table is only from the Treasuries held at US-based custodians and broker-dealers. Treasury doesn't know how much Treasuries, say, China may be …
Where did all of the oil petrodollars go? The only Middle Eastern country on the list is Saudi Arabia and that's #17.
Total foreign holdings of US Treasury seem stable over the 11/2024 - 11/2025. So, many countries have stable holdings, some are in…
