MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, April 27, 2009 WSJ Casts its Gaze on the 'Poor Man's Hedge Fund' The Wall Street Journal's Brett Arends casts a spotlight on a little-known mutual fund called the Merger Fund, a no-load $1.5 billion fund that has trumped the market over the last 10 years. Financial planner Leslie Beck described the fund as "the poor man's hedge fund," pointing to the $2,000 minimum investment. "We're all merger arbitrage," said Roy Behrens, a former SEC lawyer, who co-manages the fund with Mike Shannon, a former merger specialist with JPMorgan. "That's all we do here." Arends notes that in the 20 years since the fund was rolled out, shareholders have made about 7.5 percent a year on average. Printed from: MFWire.com/story.asp?s=21401 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |