Is it “Miller Time” or the Market?
October 26th, 2009
Bill Miller is on the front page again, but this time it is good news. The famed manager was featured in a recent cover story by Barron’s titled “It’s Miller Time”.
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Archive for October, 2009
Intrepid Small Cap Success: Stock Selection or Market Timing?
October 9th, 2009
The Intrepid Small Cap Fund, managed by Eric Cinnamond of Intrepid Capital Funds, has garnered noteworthy media attention this year. Bloomberg Online’s June 3, 2009 article featured Cinnamond’s fund as the only diversified stock manager to outperform Bill Gross’ venerable Pimco Total Return Bond fund over the trailing 3-year period (through 5/26/09):
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ayC.BwlNdpFU.
Wall Street Journal’s print edition on October 5, 2009 also featured Mr. Cinnamond as placing second in the Winner’s Circle contest for the 12-month period through September 2009 (posting a 29% return).
We decided to take a closer look using daily data and returns-based style analysis (RBSA), and found Mr. Cinnamond’s selection skills over the past eighteen months have been strikingly strong relative to other small capitalization mutual funds.
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