Posts tagged as:

mutual funds

Little books, big money: How Joel Greenblatt turned a hedge fund into a serious retail business

by Zack Miller on April 10, 2011

If you have been living in a cave the past couple decades, it’s possible you haven’t heard of Joel Greenblatt. I profiled him (briefly) in Tradestreaming.  In short, he’s one of the best performing investors in history, putting up 40% returns for something like 20 years. Greenblatt is a (not so) secret brand My perspective [...]

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Read the fine print, investors: Some mutual fund fees higher than thought

by Zack Miller on February 15, 2010

We’ve written for a while that for certain purposes, Exchange Traded Funds (ETFs) are a better mousetrap. As Mutual Funds 2.0, ETFs have introduced: new ways to implement investing ideas (eg. country exposure to Poland, Chile, etc.) made existing ideas easier to trade (leveraged long and short funds, buy-write strategies) provided continuous pricing (unlike Mutual [...]

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Study shows (again) that mutual fund hot hands quickly cool

by on February 7, 2010

As if we needed another study to spell this out, S&P published a recent study (.pdf) that undermines the hot money chasing performance in the mutual fund industry.  The study shows that very few funds demonstrate persistence — the ability of asset managers to consistently achieve top-quartile or top-half performance. The amazing take-away from the [...]

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New Rules Top Links: 01/06/2010

by on January 6, 2010

Why the stock market is up over 70% from its March 2009 low (First Adopter) Strip mall vacancy rate hits 10.6%, highest on record (CalculatedRisk) Who says “Hmmm, it’s 11 o’clock. I wonder what Felix Salmon has written about Morgan Stanley since breakfast?” (MarketWatch) Raj paid a tipster for information (WSJ) Max Olson on Steak [...]

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kaChing makes rookie mistake and massively alienates users

by on December 20, 2009

December has been an action-packed month for kaChing, one of my favorite asset management startups and a solid member of the New Rules of Investing.  The hot startup scored another round of funding, further lending support to their model’s success.  The small tech firm essentially incubates fledgling asset managers through stock picking games, allowing users [...]

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kaChing goes kaching with new money management fxn

by Zack Miller on October 19, 2009

kaChing announced yesterday (rather quietly — strange) that they have indeed — after months of discussion — launched their investment management arm.  What that means is that investors can open up an Interactive Brokers account to mirror the activities of portfolio managers on kaChing. From board member Andy Radcliffe who posted on kaching’s blog yesterday: [...]

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Walt Mossberg eats Cake (and sorta likes it)

by on August 20, 2009

Walt Mossberg is out today with a review of a new service being launched by Cake Financial, called Cake Premium. I’ve written about Cake previously here and am generally impressed with all they are doing.  As opposed to expert communities like Covestor or kaching which try to make you a better investor by aping others, [...]

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Expert communities addressing the need for better fund performance metrics

by on July 2, 2009

Measuring performance for all types of fund managers In thinking about expert investing communities like Covestor and Kaching, one of the main concerns users/investors should have is in how to judge performance of stock-jockeys.  These communities, which allow pretty much anyone to set up a portfolio and for others to piggyback on top of them [...]

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