Despite continued poor performance, there's reason for optimism at this Bronze-rated fund.
Warren Buffett Is One Stock Picker Who Believes He Can Still Beat the Market
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Jim Goetz stepping aside from VC pioneer Sequoia Capital
Sequoia shareholders meeting highlights structural changes in investment policy, risk management, and decision-making.
Although a 2012 soft close curbed inflows meaningfully, Sequoia's parent has decided to take a step further, allowing only existing shareholders to buy additional shares or open new accounts directly.
Mutual fund management ain’t what it used to be.
The announcement is not a surprise, but the timing is somewhat unusual, at least by historical standards.
Continued controversy with top-holding Valeant has dragged down long-term returns and led to outflows at this venerable fund.
Sequoia's Robert Goldfarb and David Poppe are seeking a firm with as much earnings potential at a low price as Buffett's company 20 years ago, but they note the outcome is unlikely.