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.
Ah. Right. It's in the September issue. Short note that Causeway was about to smack its investors with a potentially hefty tax bill because they were going from a fund-of-two-other-Causeway-funds to a direct investor. That means liquidating the…
International Opps actually launched in 2009. And they do report the last five years' of performance in this prospectus. Sometimes fund companies do the dangedest things. In this case the fact that the same team runs both funds might account for …
When last I asked, Eric's answer was something like "I wouldn't be surprised if we launch before year's end." I haven't seen anything in the filings yet to imply a launch before late October, but I'll try to check with Eric again.
More soon.
David
Sort of instructive to look at her life and accomplishments, as documented on her LinkedIn page.
B.A. in Philosophy, some work in financial planning and a lot more in getting attention and raising money.
(sigh)
David
Yeah ...
Somehow I find it depressing that you can sit atop the world's most extensive collection of mutual fund data and probably the world's largest fund analyst corps and all you manage to ferret out are two huge funds standing in plain view.
A…
Hi, Maurice.
The "hide" button would make the TOC collapse to a single line: "Table of Contents - show". Chip could set the default so that it either hid until you clicked or was visible until you clicked. It's live on the commentaries now so you…
My weakest funds are small value (Artisan SCV, Wasatch MCV) and my automatic investment in them remains unchanged, but no one meets the (5%) threshold.
My strongest funds come in various flavors, led by emerging markets (TRP Africa & Middle Eas…
Two quick notes:
1. so far as I can tell, BottomLine articles are only available in print.
2. this is probably my third byline for them. The key is that these are "as told to" articles. Mark Gill, frequently, runs a question by me, I offer some …
Hi, ron.
We had to disable a number of site features this summer, including the reply-to function, because they seemed to be causing software conflicts and serious site stability problems. The "who's online" plug-in suffered the same fate.
Since …
For what interest it holds, I held my position throughout and added monthly. Chip reports similar behavior. I'll try to check historic AUM to see if I can discern aggregate investor behavior.
David
It's only a variable annuity. There are real liquidity problems with a portfolio like this (can't easily sell 3% of an apartment building to meet today's redemptions, for example), so I doubt that it would ever work as an open-end fund.
David
Baird Core Plus (BCOSX) and Baird Aggregate (BAGSX), both long-established no-load, intermediate term bond funds.
Angel Oak Multi-Strategy Income (ANGLX), a three-year old multisector bond fund with a 2.25% load. The managers used to run a lot of …
TIAA-CREF would be my recommendation. Their programs come in many flavors, not all of which offer the same combination of retirement class funds and annuities. As a general matter, they have a nice series of target-date funds that are built purely…
For those unfamiliar with FundAlarm and for folks looking for a nostalgic rush, here's a snapshot of the FA discussion board from January 2011 and April 2005.
Roy Weitz launched FundAlarm 18 years ago as an antidote to the mindless hype that fund c…
Cool.
Chip should be leaving work around 5 EDT today, rather early for her but she's got a family commitment. I'll ask her this evening what sense she makes of it.
Take care, big guy!
David
Howdy, sir.
There's no attempt to moderate you or the thread. I just posted a test message to it and would encourage a couple other folks to do likewise. If we get some test messages, we can still delete them to keep the thread focused once we're…
I actually spent a long while trying to decipher copyright law at one point, in hopes of generating an unambiguous guide. No such luck. It turns out that most of the rules of thumb (200 words are fine!) are baseless. The closest understanding tha…
Usufruct! A great and forgotten word - the right to use someone else's stuff when you want to, so long as you don't trash it. Your neighbor might, for example, have the right to wander into your house during the day when you're at work and watch y…
Like LLJB, I Google "fund flows site:corporate.morningstar.com". That usually takes me to a series of publicly accessible .pdf files. Oddly, when I clicked on a file labeled "June" (I think), it resolved to the latest report.
David
Hi, big guy.
It struck me that this thread was going to good and interesting places before it started accumulating ... hmmm, barnacles on the hull. I scraped them off as neatly and quietly as I could, but there's always that curious discoloration …
I'm afraid I remain the epitome of investment lassitude: a fairly conservative asset allocation in my portfolio (which remains solidly in the black for the year) and regular additions to F P A Crescent, Artisan SCV, RiverPark Strategic income, Price…
Sorry - I was running off to the doctor's and wrote a cryptic answer.
Go to Finance.Yahoo.com. Enter a symbol in the search box. On the resulting page, click "historic prices" and the date or date range you're interested in.
Artisan International…
Ed is offering Chip and Charles deep-dish "pizza" when we gather in Chicago. Her current position, as a native New Yorker, is that if you can't fold it in half and slip it in your mouth, it's not pizza. Period.
I recently walked past a place in S…
Hi, Zolta.
And thanks for the kind words. I'm unfazed by fussing in the peanut gallery. That's why they're in the peanut gallery, after all. I am torn by my inability to answer the questions "is this the best we could be?" and, if not, "what mov…
Oooo ... I love Lake Champlain (and its chocolates). When last I was there I bought a collection of seconds which was still better than most anything you can buy locally.
Thanks for the happy recollection!
David
Hi, Derf. The long term plan is to hard close all of their funds. They have an estimate of firm-wide capacity - that is, the total amount they can manage without beginning to hire outsiders - and they intend not to exceed that threshold. They've …
I wonder if "selective default" is anything like "partial pregnancy"?
This does rather substantiate Mr. Hasenstab's argument for focusing on countries with healthy current accounts surpluses and hard currency reserves.
David
Two quick thoughts: (1) many fund managers are actually not so filthy rich as you might imagine, in part because the cost of subsidizing a small mutual fund can run into hundreds of thousands of dollars. And (2) much of his "earlier" money is locke…
Talked with Tom Schrager, Tweedy's president, this morning. Short version: they have no net inflows into Global Value but significant net inflows into Global Value II. As a result, the cash level at GV II is 26% while GV sits at 20% cash. While t…
One of the financial writers I interviewed last month for the "what should you read" piece suggested that he liked the Observer in part because we publish only once a month. His argument was that no normal person benefited from reading financial po…
