CDM made a packet out of one mortgage stock (can't remember its name) about five? years ago. This has 'carried' performance ever since. As the affect of this stock washes out, performance relative to benchmark drops. I have doubts about the 'staged' buying and selling process they use. I've yet to see any proof that it adds value. One assumes that it won't be used in the new fund, so it will be interesting to see the comparison.
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