Not everyone thinks cash is trash.
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.
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.
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.
These managers still put a lot of emphasis on traditional techniques to beat the broad market.
With high stakes in the sector, headwinds could be on the horizon for these funds.
Gold-rated AMG Yacktman fund is prepared for the changing of the guard.
Equities may not be significantly undervalued but still look good relative to the paltry returns available in the fixed-income market, says Don Yacktman .
Our Gold-rated large-blend funds range from focused to super diversified passive funds.
AMG buys stake in Yacktman and more.