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Let someone else make the decisions If you're an activeinvestor, it might sound counterintuitive, but you can hire someone else to handle subsets of your portfolio. It has hit that 6% level in each of the past five calendar years, which might entice income investors. Rowe Price, and other fund shops.
This, together with our increased focus on capital allocation discipline, will further enhance shareholder value. The products are primarily low risk money market funds and, to a lesser extent, fixed-income mutualfunds. You know, we're very activeinvestors across the game industry. Thank you so much.
And so there was a lot of need on the activemutualfund friends. And so my coverage list kind of converted over time to focus more on mutualfunds, to focus on five to nine plans, college savings. RITHOLTZ: So these are stocks, bonds, ETFs, mutualfunds? And he found it in the mutualfund space.
But I covered derivatives at first, and then I cover mutualfunds. I worked for a (inaudible) called Fund Action and did that for a little while, and then went — I met a guy named Duff Ferguson at AllianceBernstein. They’d be the biggest activemutualfund to shop times over. RITHOLTZ: It’s ….
The mutualfund business is all about sales and investing. And the way the mutualfund industry is set up, the administration of the funds and the management of the investments are two different creatures. Jim Reid (ph), he’s going to take responsibility for that. RITHOLTZ: Right. What are you going to do?
00:04:36 [Speaker Changed] And then you end up actually at Canyon Capital, previously, I, I had Dominic Neal as a guest, but you stood up, they’re an LA outfit, you stood up the New York office and ran about $5 billion for them. That’s what led to Ice Farm Capital. Luck is 00:07:30 [Speaker Changed] Better. Luck is better.
Even those who are activeinvestors reflect sentiment at depressed levels. LTK Capital Management is up huge this year, close to 300%, trouncing elite hedge funds and money managers. Hedge funds added a net 13.47 million shares; Pentwater Capital Management LP, with 2.31 dropped $1.15 million shares.
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