China's Largest Travel Site to Buy Skyscanner
China's Ctrip buys U.K. travel-search firm Skyscanner for $1.74 billion
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.
This venerable fund has made some changes to its portfolio, but it's still fabulous.
The fund is more diversified than in years past, but no less focused on quality and the long term.