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HomeWho’s Managing Your Mutual Fund?
Posted by Larry Doyle on March 29th, 2012 7:26 AM |
Can you imagine the Indianapolis Colts hyping season tickets for the upcoming season based upon the success of the team over the last decade with ‘you know who’ under center? Could you picture the Chicago Bulls doing the same after the departure of MJ? How about the Lakers after Magic, the Celtics after Bird, or the Edmonton Oilers after ‘The Great One’ Wayne Gretzky left town?
Sports fans are not stupid—or at least when it comes to this topic. They know that the leader and the team on the field are the keys to future success and that past performance, especially after the departure of the star, is certainly not indicative of future results.
Those investing in mutual funds should make sure they employ the same principle prior to buying tickets—that is, investing—in a fund that may have had significant past success. Why do I raise this topic? Let’s navigate. (more…)
TCW vs Jeff Gundlach, et al: Getting Ugly Early
Posted by Larry Doyle on January 7th, 2010 8:06 PM |
Jeff Gundlach
It is not often that the top bond manager on Wall Street gets fired. What prompted the unceremonious departure of Jeff Gundlach from Trust Company of the West?
Stories of financial intrigue are always riveting. The real deal of authentic Wall Street financial conspiracies and resulting legal actions are much more riveting. Did Jeff Gundlach and other defendants steal a wealth of TCW proprietary information prior to being shown the door? Did Gundlach, et al commit fraud and a breach of fiduciary duty while at TCW? Did TCW plan to confiscate revenue generated by Gundlach and team?
What are we to make of TCW management’s allegation that they found inappropriate contraband in Gundlach’s office the day he was fired. What sort of contraband? Marijuana, drug paraphernalia, a collection of sexual devices, and hardcore pornographic magazines. (more…)
