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.
More Quotes from Russ Kinnel:
It's a very tame approach to growth, but in a way I kind of like that. A lot of funds got carried away with 60 percent, 70 percent in technology. This fund won't throw you.Russ Kinnel
If you're leaving a fund company, then it's in the works for a little while, ... The fund's returns are still enormous.
Russ Kinnel
If someone has the guts to stick it out (in a loser fund), you shouldn't punish them. You should take care of your shareholders. That way you're practicing what you're preaching.
Russ Kinnel
The SEC is clearly staking out some valuable turf in terms of requiring that fund companies give truly accurate representations of their funds in ads,
Russ Kinnel
What Stansky has done by outperforming the SP 500 is shown that while asset size is a handicap for an actively managed fund, it's not devastating. You have to be flexible. And you have to adopt a large-cap, low-turnover strategy,
Russ Kinnel
Any time you have a super-narrow universe and rationalize other stuff that's out there, it's a sure sign it's a gimmick fund.
Russ Kinnel
Readers Who Like This Quotation Also Like:
Based on Keywords: sell-offThe Chess-board must be placed with a white square at the right-hand corner.
Howard Staunton
Every time I think that I'm getting old, and gradually going to the grave, something else happens.
Elvis Presley
A fluent tongue is the only thing a mother don't like her daughter to resemble her in.
Richard Brinsley Sheridan