Longleaf Partners has long been a boutique value manager we have followed at Young Research. They are one of the good guys in the mutual fund industry. Longleaf uses long-term value oriented approach and eschews the benchmark hugging and overdiversification that handicap most mutual fund managers.
So what does it say about the market when a highly respected boutique value manager that only buys about 15-25 companies in its portfolio closed not because its fund has grown too large, but because there are a lack of opportunities?
You can read between the lines.
The following two tabs change content below.
Jeremy Jones, CFA
Jeremy Jones, CFA is the Director of Research at Young Research & Publishing Inc., and the Chief Investment Officer at Richard C. Young & Co., Ltd. Jeremy is a contributing editor of youngresearch.com.
Latest posts by Jeremy Jones, CFA (see all)
- The Bears have Punched Themselves Out - October 19, 2017
- Is it Time to Worry about a Stock Market Crash? - October 18, 2017
- Do you Invest with a Performance Chaser? - October 17, 2017