This weekend is the start of two weekend fund-raising drives on public television so WEALTHTRACK might be pre-empted in your local market. Consequently we are replaying a Great Investor interview we originally aired in January. We always check with our guests before we do this and the Royce Fund’s Special Equity funds’ portfolio manager, Charlie Dreifus told us the interview still represents his current thinking.
We tracked down Great Investor Charles Dreifus at the Munich airport for an update on his view of the stock market and large vs. small cap stocks in particular.
You might remember from previous WEALTHTRACK interviews that Dreifus, a Morningstar Domestic Stock Fund Manager of the Year has run the small and micro-cap focused Royce Special Equity Fund successfully for the last 16 years and that he convinced his boss, small-cap pioneer Chuck Royce to let him launch a large-cap focused fund, the Royce Special Equity Multi-Cap Fund in 2010.
Dan Loeb’s Third Point Returns 1.9% In Jan Amid Market Turmoil
Activist hedge fund Third Point LLC recorded a profit of 1.9% in January, according to a copy of the firm's latest performance tear sheet, which ValueWalk has been able to review. These figures seem to suggest that the hedge fund managed to make the most of January's market volatility, as other hedge funds struggled. The Read More
WEALTHTRACK Episode #1049; Original post on May 30, 2014
Listen to the audio only version here: wealthtrack.com