Bill Gross adds management duties on PIMCO Unconstrained Bond while its longtime manager is on a sabbatical, Arif Husain taking over T. Rowe Price International Bond, and more.
Artisan to close Artisan Small Cap to new investors, Putnam fixed-income manager Daniel Choquette departs, and Praxis adds comanagers to its allocation and index funds. Also, Mario Gabelli makes a very large gift to his alma mater.
Manager Don Yacktman says the decline in trading costs along with the natural volatility of stocks is creating opportunities for value managers focused on the long term.
Equities may not be significantly undervalued but still look good relative to the paltry returns available in the fixed-income market, says Don Yacktman .
I look at the highlights and lowlights in equityland.
Lofty returns for both stocks and bonds give rise to a host of behavioral traps.
Top managers continue to find opportunities for some new-money purchases, while taking full advantage of a rising stock market to book gains in shares trading above their fair value estimates.
AMG buys stake in Yacktman and more.
Don Yacktman and Pat Dorsey look for undervalued firms with margins of safety, and they see a lot to like in today's market.
Funds that emulate the Oracle of Omaha have done well over time.