They may not all walk away best friends, It's in everyone's interest to reach a deal.
More Quotes from Russ Kinnel:
We look for managers who have enjoyed a great year and produced strong long-term performance. In addition, we want managers who put shareholders first and invest with conviction. The 2002 winners we selected have all these qualities. Not all of them made money during the bear market, but they were able to keep losses small, enabling shareholders to endure the difficult market conditions of the past few years.Russ Kinnel
Sometimes we've seen managers fairly divorced from the process. Maybe they don't pay those fees or worry about tax consequences. But if they have a lot of money in the fund, you can bet they do.
Russ Kinnel
It's a big problem for the industry. Mutual funds have a better time competing with hedge fund returns than with hedge fund salaries.
Russ Kinnel
Patience and tuning out the noise is what really gets rewarded in the market.
Russ Kinnel
Fund companies tend to put the service costs into the basic expense ratio even if you're not getting a lot of the services. As they try to become all things to all people, it may drive up the cost for people who don't want the extra services.
Russ Kinnel
If you're leaving a fund company, then it's in the works for a little while, ... The fund's returns are still enormous.
Russ Kinnel
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