Top managers continue to find opportunities for new-money purchases (albeit fewer than in past periods), while taking full advantage of a rising stock market to book some gains.
Recent weakness has increased buying opportunities in the Canadian stock market.
Canada's Fairfax makes deal to buy U.K. insurer Brit for $1.88 billion
Brit Shares Rise 10% After Agreeing GBP1.22 Billion Fairfax Takeover
Canada's Fairfax Financial to Buy U.K. Insurer Brit for $1.88 Billion
Top managers continue to find new opportunities, while taking full advantage of a rising stock market to book some gains.
The ongoing rally in the equity markets continues to limit the buying and selling activity of our top managers.
Plus, news on Longleaf, Fidelity, Rainier, Vanguard, American Century, and more.
Our top managers remain cautious, focusing more on relative valuation and increasing their willingness to book gains in the face of a rising (but potentially overvalued) market.