Currency-only hedge funds made a 6% loss in 2011 and a gain of just 0.8% in 2012, according to a benchmark index run by fund-of-funds manager Parker Global Strategies LLC.
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As adviser to its own proprietary mutual funds and manager of individual client accounts, AFAM may purchase, sell or hold positions in the securities that appear in this presentation.
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As advisor to its own proprietary mutual funds and manager of individual client accounts, AFAM may purchase, sell or hold positions in the securities that appear in this presentation.
Some, such as Fidelity's Asset Manager funds and Vanguard's LifeStrategy Funds, maintain a fixed asset allocation over time.
To find the best, we looked for funds with long manager tenures that have outperformed their peer groups in each of four distinct trailing periods--ten years, five years, three years and one year.
The AmSouth and Target funds might share a manager, yet they have little else in common.
If the fund is doing poorly relative to similar type funds, the fund manager could just be having a bad year.
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Mr. Timmerman is comfortable with the relatively large allocation to this fund because he has owned funds managed by DoubleLine manager Jeffrey Gundlach for years.
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The drawback: The fund of funds investor pays fees to the fund of fund manager and to the managers of the underlying funds.
Previously, Mr. Gundlach managed bond funds at Los Angeles money manager TCW Group Inc.
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But Fidelity, the second-largest manager of mutual funds behind Vanguard, has been late to venture into ETFs.
Though Guy is the lead manager of the funds, it is by no means a one-man show.
These are funds as to which the manager gets paid a hefty 20% of the profits for managing the assets in a non-traditional manner, i.e.
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That management company is the manager for the five funds that have closed.
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When performance is good, funds are reluctant to terminate a manager that has been problematic in other areas such as client servicing.
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Last week, Wasif Latif, a fund manager at USAA mutual funds, told Forbes that his bet is for the advanced economies to stop advancing.
He argues that hedge funds are similar to private equity funds in that the hedge fund manager (who holds himself out as providing absolute, uncorrelated returns) has control over when to take clients and to commit their capital.
Joshua Duitz, a fund manager at the Alpine funds in Purchase, NY thinks part of the solution is for the US to pass infrastructure-friendly legislation, like a new highway bill, that would create public-private partnerships allowing for privatization of American roadways and bridges in need of serious upgrades.
The star bull: Jean-Marie Eveillard , a fund manager with First Eagle SoGen Funds .
Disclosure: Mr. Wisdom is co-manager of two public mutual funds and approximately 700 individual client accounts.
Portfolio Manager David Fingold of Dynamic Funds likes the direction of Dresser-Rand Group, up 20% through November 2010.
Disclosure: I am the portfolio manager for mutual and hedge funds advised by Marketocracy Capital Management, an S.E.
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Disclosure: I am the portfolio manager for mutual and hedge funds advised by Marketocracy Capital Management, an SEC registered investment advisor.
Francis Chou, fund manager of Chou America Mutual Funds, has for the fourth time since October reduced his stake in Overstock.com ( OSTK).
As many as 40 more American firms are planning their attacks, most notably Vanguard, America's second-largest fund manager, which started selling funds in Europe last April.
"Treasurys are naked interest-rate risk, " says Joanna Bewick, lead manager of Fidelity Investments' Strategic Funds.
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The investment manager is interested in raising the funds and keeping the funds.
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The investment manager's diversified equity mutual funds either don't hold the stocks or were underweight the shares relative to their benchmark indexes as of July 31, Mr. Loporchio said.
Macro strategy funds made up nearly 35% of all single manager launches in both the second and third quarter, HFR reports.
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U.S. and other public pension funds often steer clear of investing with any asset manager that is under the cloud of an investigation.
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