Outperformed for decades? Founded in 2006. When you get the basics wrong its probably worth re-viewing your strategy.
Managers cycle, always have, always will. The key is they stick to their core strategy. If you look at when managers go bad its generally when they move away from what made them perform well, they go from being a small cap to thinking they can do large cap, they take a position in an investment bank, they buy other managers.
It all leads to distraction and spreading of talent Its like Oz companies going overseas, odds are they fail. History can be a very strong guide and MFG has made the classic fund manager mistake of moving away from what made them perform.
MFG Price at posting:
$29.36 Sentiment: None Disclosure: Not Held
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