Plus, Vanguard Convertible Securities goes global, and more.
To say a manager is concentrating bets doesn't tell the whole story.
This fund will eventually stumble, but the culprit won't necessary be its size.
Plus, Wasatch Small Cap Growth closing, Brookfield buys Fairholme's General Growth equity stake, and more.
Franklin Resources fills void left by a manager's death, Vanguard's Sauter retires, and more.
Plus, Ariel launches a new fund, Fairholme's bond fund dives into equities, and more.
The answer is more complicated than you might think.
Berkowitz gets creative.
We see zero value in these near-bankrupt businesses.