Vanguard is first mega fund company to turn the corner on redemptiuons

Vanguard’s lead in stopping the bleed of redemptions is no fluke. Ever since it was founded by index investing icon John Bogle, the fund company has attracted advisers and investors who seek the gains of the capital markets by pursuing disciplined portfolio strategies that focus on broad diversification with low-cost and transparent investment vehicles. Market [...]

Hedge fund swindler routed out transparency first

In this latest installment of meltdown learning opportunities, Bernie Meldoff the hedge fund swindler crafts walls of secrecy within walls of complexity and covers them in a fog of phony expertise. If you want an investor to know why transparency is important, what better way than to revisit the brazen crimes of one of the [...]

Tricked by Mr. Market: Bill Miller, manager, Value Trust: “Every decision to buy anything has been wrong.”

These losses have wiped away Value Trust’s years of market-beating performance. The fund is now among the worst-performing in its class for the last one-, three-, five- and 10-year periods, according to Morningstar. Here is the type of learning opportunity that will become increasingly available as chronicles of the demise of stock pickers and market [...]