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.
Hi, catch!
Hard to say. This disclaimer appears only on the discussion board page. I've been wondering if I should include something in the monthly commentary, especially when I don't control the content (e.g., in the Elevator Talks and guest fea…
Let's see: when George was promoted to co-CIO back in 2011 or 2012, Royce went to some pains to publicly disavow the prospect that he was engaged in "succession planning." Some might imagine that was Royce's way of saying, "don't worry, I'm not tru…
It is curious. The other Driehaus funds are $10k - 25k, and they don't typically allow supermarkets to waive those.
As the time gets closer, I'll ask. For the nonce they're not going to speak, citing the SEC's "quiet period."
David
The distinction, which we mention in our profile of Driehaus Emerging Markets Small Cap Growth , is the Driehaus substantially hedges their portfolio. That's produced a pretty remarkable profile. Maybe here, too. We'll see.
David
Silly me ... given the celebration of Remembrance Day in the Commonwealth Nations and the former Armistice Day here, I imagined a celebration of Harry Patch, who was the longest-surviving soldier who'd fought in the trenches in WW1. He died in 2009…
I passed your concerns along Carling Spelhaug, one of the folks in Corporate Communications for the Morningstar. She's really pretty good, so perhaps we'll hear something interesting back.
I'll keep you apprised.
David
The folks who once ran Third Avenue Focused Credit (TFCVX) left to run the closed-end Avenue Income Credit Strategy (ACP) which launched in January 2011 and earns five stars. Eighteen months later they launched Avenue Credit Strategies (ACSAX), whi…
There was a short audio remembrance of Tommy on NPR this afternoon. They didn't use any clips from the boys' long career, perhaps out of deference to the family's desire for a bit of quiet.
David
I drive a 2010 Corolla, bought used a couple years ago. Wonderful car, surprisingly nice backseat, all things considered. I've driven it as far as Pittsburgh (630 miles) and have been happy with the feel and handling.
A close second with the Scio…
I'm afraid that LLJB's joke might not be far from the truth. The site went down last night at almost exactly midnight Eastern. A sense of a disturbance in The Force caused Chip to wake around 1:00 a.m. Eastern to discover a series of alarm notices…
The stats that strike me as more interesting come from Leuthold, who simply asks "well, how bad could it get?" That is, they're not currently predicting a meltdown but they are tracking the magnitude of "normal" bears from here. You can measure t…
The saddest thing is that there was next a "next generation" after them. Greg Frasier was great at Diversified International, then left. Reasonably talented folks rotated through Magellan, then mostly left. And the names I read five years ago on …
Curiously, a fair number of folks tweet us (tweet about us?) each month. Chip follows such things and reports that a half dozen folks whose names you'd recognize might tweet us and rather more than that retweet them.
For what interest it holds,
D…
And so they tell us: The Legacy share class "is open specifically for existing Meridian shareholders. For example there are well over 25,000 direct retail, advisor, and institutional shareholders in Meridian Growth (Meade and Schaub's small/mid cap…
Hey, big guy.
I don't profess to any particular insight on SPHQ nor any great passion for SRFMX. My argument for SRFMX comes down to this: "many folks found DGAGX's ultra-low turnover approach to ultra-large cap stocks attractive. It does, over t…
Hi, Paul.
I've never known a manager to be open about why he or she left a firm; the most I've ever gotten is "excited to explore new possibilities at this point in my career." I'll note, in passing, the striking number who offer veiled criticisms…
Hi, Ira.
Good thought. I know it's good because I make a similar observation in our impending profile of JACUX. Gross has managed PIMCO and Harbor Unconstrained since their manager's sudden desire for a sabbatical in December 2013.
More soon,
D…
Thanks!
The parent of a prospective student, visiting campus for the first time, once told me that we were "the only college we've visited that actually looks like the pictures in its brochure."
The Gallery, for what interest that holds.
David
I also had to sign-in this morning. Happens about once a month for me, usually around the first. As a security move I'd cleared my browser history yesterday, which might account for the odd timing of it.
The process is controlled by the Vanilla …
Yuh, the CEO at Janus is the former COO at PIMCO. Reportedly he and Gross got along quite well. Not to say that it ain't what you know, it's who you know, but ...
Just to confirm: the new Gross fund is Unconstrained Bond, not "Global Unconstrained Bond." The Unconstrained Bond fund prospectus contains only one limit on the income-producing securities in which it might invest: no more than 50% of the portfoli…
The big picture at Grandeur Peak (from our August 2013 issue)
In the course of launching their new Global Reach fund, profiled below, Grandeur Peak decided to share a bit of their firm’s long-term planning with the public. Grandeur Peak’s investmen…
Uhhh ... no. The site below claims that it's a natural gas conversion process pioneered by SASOL which would, among other things, require a $21 billion capital outlay before launch.
http://www.stockgumshoe.com/reviews/oxford-resource-explorer/real…
I like the link-resolving-to-a-cartoon thing, but it does a tiny bit appear that Mr. Adams would like rather more than $100 for the right to use yesterday's Dilbert on a website.
Because we care so durn much (hah!), Chip has contacted an intellectu…
In conversation with those folks now about some sort of ongoing collaboration. Looks like it might be an interesting resource for folks.
More soon,
David
Thanks! I'm startled by the uniformity of response from folks who've read the story. Several have blurted out the same phrase, which translates roughly to "they're intellectually impaired." I hope the folks in your county are able to work this th…
VWEHX is not a short-term fund. It's the index fund representative of the HY peer group to which they're assigned. The Vanguard fund, like the majority of the peer group is intermediate term and far more volatile than the STHY funds we profile.
D…
Not that I'm biased or anything, but a frightening lot of the for-profit colleges seem to exist exclusively to make a quick profit. Both the recruiting techniques and retention data are horrendous.
David
Had a really nice beer the last time I was in Buffalo: Delirium Tremens. I wonder how many of the Bills' fans can relate?
The Steelers are just waiting for Johnny Football this weekend. Of course given their preseason, they might be overmatched b…
Hi, John.
That was intensely frustrating. We had modest traffic - about 60 people on site - and the site seizes up for the first time in nearly two months. Chip spoke unkindly of technology (rare for her) and then reset the server. It seems to r…
