It's good news for investors. I think investors can benefit from more information.
More Quotes from Russ Kinnel:
It means actively managed funds can adapt to big asset bases.Russ Kinnel
Most fund company executives are very careful about what they say, ... Everybody could use a Jack Bogle.
Russ Kinnel
We look for managers who have enjoyed a great year and produced strong long-term performance. In addition, we want managers who put shareholders first and invest with conviction. The 2002 winners we selected have all these qualities. Not all of them made money during the bear market, but they were able to keep losses small, enabling shareholders to endure the difficult market conditions of the past few years.
Russ Kinnel
Look in a category, any category, and if you saw a fund doing really well, or really poorly, nine times out of 10 the explanation, the answer, was energy. This year it was all about energy.
Russ Kinnel
A lot of funds have grown so much recently that even after the sell-off, they are unable to adapt their strategy to a greater asset base. Also, I don't see any big trends in terms of new funds. There's just not a lot of them coming out right now.
Russ Kinnel
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