MPI Research Corner

        Nominated as fixed income fund manager of the decade by Morningstar and now leading the fastest growing mutual fund (by assets) in history, Jeffrey Gundlach has enjoyed no shortage of accolades. Indeed, many investors and industry watchers suggest the bond king crown belongs on his head. With the growing chorus telling [...]

As we say “goodbye” to 2012, we turn back to the year’s biggest IPO and history’s largest tech IPO, Facebook (NASDAQ: FB). The intention of the original post on FB was to see what quantitative analysis of a galaxy of mutual funds using daily data over a very short time period can actually show a [...]

With 5 days until deadline, are there any indications mutual fund managers are systematically acting on the broadcasted hysteria and preparing their portfolios for a less sudden descent down an ominous Fiscal Cliff (or maybe just locking-in handsome double digit market gains YTD)?[1] Or are they broadly in the market, sanguine about the prospects for [...]

As we’ve recently written, it has become platitudinous to say that markets are and have been highly correlated. And it is past due to move beyond simple linear measures of performance, such as correlation, when performing manager searches, diligence, selection, monitoring and replacement. It is with this thought in mind that we are proud to [...]

To say that the post-Financial Crisis, Fed-fueled investing climate is one of markedly high correlations has become platitudinous. Managers of U.S. equity mutual funds know this all too well; the ability of the S&P 500 to explain their returns has risen to very high historical levels, with the average large blend fund exhibiting an R2 [...]