With the industry's reliance on style boxes as a tool for portfolio diversification and performance evaluation, managers and advisors must be aware of potential pitfalls in their application. Guest contributor John Minahan looks at how "cultural biases" can lead to inappropriate uses of style box analysis.
Very few mutual funds utilize performance-based fees, and an even smaller number of advisors utilize these funds to offer performance-based fee structures to their clients. Dunham & Co., a San Diego-based advisor, does both, and we look at how advisors can utilize their offerings to attract clients in today's tough market.
Joe McNay, founder of Essex Investment Management, and Douglas Kass, founder of Seabreeze Partners, discuss the sub-prime crisis, their forecasts for the market, and why they continue to believe gold is attractive at today's prices.
Our letter to the editor explores the analogy between coin-flipping exercises and the debate between active and passive management.
Lastly, we look at the performance of the most popular funds in the Advisor Perspectives universe during Q1 of 2008 as well as during the 12-month period ending 3/31/08.
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