They may have been in a pretty good position to weather the storm.
More Quotes from Russ Kinnel:
There seems to be a move towards responsible disclosure. That (fund fees) is one area where you can clearly see that fund directors are not doing their jobs. They're always willing to raise expenses. It doesn't make sense.Russ Kinnel
Like baseball managers, there's almost too much credit given to a fund manager when (a fund) does well, and too little when it does poorly. It's very healthy to look beyond a star manager.
Russ Kinnel
It means actively managed funds can adapt to big asset bases.
Russ Kinnel
A year ago, it would have been a good time to bail out but now they seem to be making some improvements, ... In cases like this where there is potential for a turnaround it's a tougher call.
Russ Kinnel
For the most part, I think it's a good thing. I think funds should report every month. Some fund companies haven't taken advantage of technology to report information.
Russ Kinnel
It's good news for investors. I think investors can benefit from more information.
Russ Kinnel
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