Word: portfolios
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...research team cited Hotchkis & Wiley Mid-Cap Value Fund, Legg Mason Capital Management Opportunities Trust and Fidelity Select Automotive Portfolio as examples of funds that had eye-popping 2009 returns, but are currently ranked as two-star funds...
However, Stan Majcher, principal and portfolio manager of the Hotchkis & Wiley Mid-Cap Value Fund, disagrees. Majcher noted that his fund has a strong long-term performance record, as Morningstar currently ranks it the third best performing mid-cap fund when it comes to annualized returns over the past 10 years, with an annualized return of 10.85%. He acknowledges the fund underperformed in 2007 and 2008, but doesn't think these periods should be considered in isolation. (Read about the financial crisis after one year...
...securities that are misunderstood," he says. "We'll tend to have stocks that look like they have poor characteristics, but when you dig a lot deeper, they don't." He said many of these companies have "temporary issues" that will go away and lead to higher stock performance. His portfolio trades at less than 10 times earnings, which is not overvalued, Majcher contends. "The portolio trades at less than 10 times earnings and the market trades significantly higher than that - usually 14 or 15 times...
...August letter written by global AIDS coordinator Goosby to U.S. ambassadors in PEPfAR countries indicates that the Administration doesn't believe that balance is possible in the current economic climate. "The landscape around us is changing, with the need to balance a broad portfolio of global challenges at a time of financial crisis," he wrote. "As a result, we need to plan for the next stage of PEPfAR's development in this context and cannot assume the dramatic funding growth of PEPfAR's early years will be repeated." One of the original PEPfAR goals was to attain universal access (defined...
First, while it’s true that high-risk investments have increased the endowment exponentially, the story doesn’t end there. Many people strongly urge slow, low risk growth for educational institutions. Careful growth discourages $35 million salaries for investment-portfolio jockeys, helps restore balance between the liberal arts and the sciences, and minimizes steep budget fluctuations (leading to better departmental planning and reducing cuts). Most importantly, it controls the viral hunger for ever-larger returns on capital—a hunger that subverts the university’s critical search for a “veritas?...