"If an investor has done good due diligence up front and picked good funds, then selling a fund for asset allocation reasons is the primary reason why you would sell a fund," said Michael Karstens, an independent certified financial planner in Omaha, who advises Mr. Kuta.
A survey by Standard & Poor's in March ranked WestLB, a medium-sized bank, as the world's 14th-biggest provider of funds for asset-backed commercial paper after Royal Bank of Scotland and Lloyds TSB.
What the Labor Department doesn't give you is an average expense ratio — the average percentage charged by funds annually for assets under management — which if exceeded could move you to approach your employer to lower costs.
In today's Washington Post, Lucian Bebchuk, who responded to Hank Paulson's original asset purchase proposal by arguing for public-private funds bidding for assets at auction, says the Geithner plan is pretty good, but for one thing:But while the program is intended to partner public and private capital, the partnership it sets up is quite unequal.
Major private equity firms, including the Blackstone Group, Cerberus Capital Management and Apollo Global Management, are raising funds for distressed assets.
But now that we know, we face another mystery: Why hasn't the intense competition among mutual funds for investors' assets removed this performance difference?
To support this claim, we will examine an example of a market model with idiosyncratic funding for risky assets and rehypothecated cash collateral.
For example, Fortress Investment Group, a leading investment management firm that manages traditional funds for "alternative assets," has created an investment fund specifically dedicated to undervalued companies with strong patent positions.
In another, four officers of the CS Fondy investment funds were convicted of fraud for swapping 1.23 billion korunas ($32.6 million) of the fund's assets for worthless shares in a bankrupt chicken farm.
He buys positions equal to 3 to 5percentt of the fund's assets for companies that he considers core holdings and plans to own for 3 to 5 years.
