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Charles
Thank you sma3! We are spending this summer in northwest again. I have no quiet place I can be before noon eastern (9 am here). Library opens at 9am! I've set up a session for Friday, 2 pm eastern ... posted on board. But, if that does not work, just call me at 805 468 9599 ... if I can pick up I will. Hopefully, can pick a day where you can attended from noon on. Very happy to do! c
For the third time in 15 years, Eric Cinnamond is stuck on the sidelines watching many of his fund manager peers profit from a late-stage bull market.
How does the author know it is late-stage?
I see the prospectus shows...
Oaktree High Yield Bond Fund (Institutional Class – OHYIX, Advisor Class – OHYDX)
and
Oaktree Emerging Markets Equity Fund (Institutional Class – OEEIX, Advisor Class – OEEDX)
I wonder if this means they will no lon…
Thanks equalizer.
Believe this is Oaktree's first retail mutual fund as named adviser?
I understand that they are subadviser to Vanguard's Convertible Securities Inv (VCVSX) and Vanguard Emerg Mkts Sel Stk Inv (VMMSX).
c
Ha! That too.
So, if I remember, January sucked in 2014 too.
Old_Skeet or someone even predicated a tough year based on first few days.
In 2014, the dips just turned out to be head fakes...for the market overall.
If only we could know in advance…
Understand MikeM.
This is a tough one.
On the one hand, folks bailed on Buffett in 1999. He stayed the same. The world changed.
On the other, I remember when Charles Akre launched AKREX in 2009. He was such a downer. The fund did badly out of the…
No worries.
I reached out to the source and here is response from Meb:
From: Mebane Faber
Date: Sun, Jan 4, 2015 at 8:09 PM
Subject: Re: GMOM Question
To: Charles
Just GAA is 0%, rest of ETFs are around 59 to 69 bps...and hopefully declining over…
Hi alaska.
Couple more questions...
What's your risk tolerance? On a scale 1 to 5. 1 being Very Conservative, hate seeing even slight temporary pull backs. To, 5 being Very Aggressive, which means you're ok with 50-60% drawdowns as long is there i…
Hmmm...the commentary looks correct, it's only GAA where Cambria is applying the 0% management fee. Unless you know something I don't, which is an easy do. c
Hmmm.
I know GAA has a permanent 0% management fee.
Did the management fee go to zero on GMOM too? (I hope I did not indicate that...if I did, will correct soonest.)
Believe it or not, ARIVX remains a top quintile performer, life time.
Basically, it had a strong first year in 2011. But it's spent time in the barrel ever since.
The hefty 1.47%, which goes to pay RiverRoad, Aston, and now AMG among others, while…
Good stuff MJG as usual.
I liked the MSCI table showing volatilities remaining fairly consistent, year to year, whereas returns are all over the place.
Happy New Year!
c
Sorry to hear about the flu Catch.
My wife, daughter, son-in-law, and grand-daughter have all been sick too. (My body is too corrupted with caffeine and alcohol to be a target for viruses.)
Hope you feel better soon.
Happy New Year!
c
Hi expatsp.
The MFO Dashboard attempts give quick assessment of lifetime performance of all funds profiled to date.
Here's link...Fund Dashboard.
There is no page, however, that shows rankings of all profiled funds across various time frames. Th…
Finally, Matthews Asia Strategic Income (MAINX) celebrated its third anniversary and first Morningstar rating in December, 2014. The fund received a four-star rating against a “world bond” peer group.
Matthew Page and Ian Mortimer are co-managers of Guinness Atkinson Global Innovators (IWIRX) and Guinness Atkinson Dividend Builder (GAINX), both of which we’ve profiled in the past year.
Early in 2014, it was clear that assets were flowing strongly into liquid alternatives, with twelve-month growth rates hovering around 40% for most of the first half of the year. While the growth rates declined as the year went on, it was clear that…
Plaintiffs filed an amended complaint in the consolidated fee litigation regarding the Harbor International and and High-Yield Bond Funds: “Defendant charges investment advisory fees to each of the Funds that include a mark-up of more than 80% over …
Hmmm...
I am cautiously optimistic!
Does that mean I'm oximoronic?
You forgot the one about "window dressing"...
Although granted, more of a critic's phrase than adviser proper.
In closing, let me remind you of that wonderful scene where Orson Welles, playing Harry Lime in The Third Man says,
… in Italy for 30 years under the Borgias they had warfare, terror, murder, and bloodshed, but they produced Michelangelo, Leonardo d…
