Video Reports

Embed this video

Copy Code

Link to this video

Get LinkEmbedLicenseRecommend (-)Print
Bookmark and Share

By Jason Stipp | 06-06-2011 12:51 PM

No Shortage of Tough Questions for Top Investors

We'll hear from Fairholme's Berkowitz, PIMCO's Gross, and other topnotch managers on the market's opportunities, risks, and uncertainties at this year's Morningstar Investment Conference.

Jason Stipp: I'm Jason Stipp for Morningstar. Some of the top minds in investing will be convening in Chicago this week for the 2011 Morningstar Investment Conference. It's a great opportunity for us to hear some latest insights on the market and forecasts.

Here with me to talk about what they hope to hear this week is Morningstar's Russ Kinnel, he is director of fund research; and Christine Benz, she is the director of personal finance for Morningstar.

Thanks for being here.

Christine Benz: Jason, great to be here.

Russel Kinnel: Good to be here.

Stipp: So, Christine one of the things you've mentioned to me that you think will be a buzz at the conference is, what comes next? This has become a more timely question over the last few weeks as some economic data has been less than rosy. So I think a lot of people are going to wondering, where do I put my money next, or should I even be putting money in the market?

Benz: Right. I think we always feel like we're at some kind of an inflection point when we have this conference, but it feels like especially so right now. So is the economy going to strengthen and continue to provide a tailwind for the market or will see the opposite happen. So, I do imagine that a lot of people attending the conference will be looking for some guidance on those questions. Of course people will be looking to Bill Gross get his view on the economy and the bond market, as well as the stock market, because he's been opining a little bit on that.

Then I am also moderating a panel with Ben Inker from Grantham Mayo Van Otterloo and Peng Chen from Ibbotson as well as Ross Levin who is a noted financial advisor. Those three will also be talking about a variety of different asset classes, their long-term strategic take on them, as well as their near-term views.

Stipp: So, Russ some of the bumpiness that we've seen has caused some diverging performance amongst some of our favorite manages, and some of them will also be at the conference. Do you expect they'll be talking about their near-term performance records?

Kinnel: I think one of the great things about the conference is hearing not just from the managers who are red hot, but those who are stumbling and can explain. So, Bruce Berkowitz is having the first rough patch of his 10 years at Fairholme Fund. He is going to be having a conversation with Don Phillips. So, it will really be interesting to hear him get into what's going on there and why he likes those financials. I'll be interested to hear from John Montgomery of Bridgeway Funds; those funds had a really tough two- or three-year period. This year they have been OK, but I think people who are still in those funds really want to hear what's going on, should they have a confidence to stick with them.

Read Full Transcript
{0}-{1} of {2} Comments
{0}-{1} of {2} Comment
  • This post has been reported.
  • Comment removed for violation of Terms of Use ({0})
    Please create a username to comment on this article