There are some positives to multi-management one is you get diversification of strategies and investments. What you're doing is diversifying at another meaningful level that you'd have to pick separate funds to do.
More Quotes from Russ Kinnel:
It's a healthy sign of the industry. You see the average investor is being treated well by the industry.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
Janus 20 and large-cap growth stocks could almost do nothing wrong in 1998 and 1999,
Russ Kinnel
He'll still have a big impact and a lot of influence, ... Brennan is not the outspoken zealot that Jack Bogle is. People want Jack to stay at Vanguard because he calls it like he sees it.
Russ Kinnel
It's a big problem for the industry. Mutual funds have a better time competing with hedge fund returns than with hedge fund salaries.
Russ Kinnel
The fund industry doesn't have a lot of heroes, but he (Bogle) is one of them. The fund industry is a much better place because of him.
Russ Kinnel
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I look back on it, yeah, I'm in a much worse financial position than I was eight years ago. I'm going to have to go out at age 62 and kind of readdress some of that.
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