By MarketWatch
BOSTON (MarketWatch) -- Roy Weitz, founder of FundAlarm.com, says that if a big-name manager attracts you to a fund, be sure to get what you are paying for.
In a radio interview with Chuck Jaffe, MarketWatch senior columnist, Weitz noted that shareholders in Third Avenue Value /zigman2/quotes/207225650/realtime TAVFX -0.86% bought the fund because of the outstanding record of manager Marty Whitman, but noted that the 82-year-old Whitman can't go on forever, a factor which makes the stellar fund grade out simply as a "hold." Likewise, Weitz said that John Montgomery of the Bridgeway funds runs terrific small-cap funds, but he put a sell on Bridgeway Large-Cap Value /zigman2/quotes/209252844/realtime BRLVX -1.09% , noting that buying big stocks is not what the manager does best.
Managerial tenure and experience in running similar funds factored heavily into Weitz putting a buy recommendation on Cambiar Conquistador /zigman2/quotes/208899958/realtime CAMSX -0.56% , Wintergreen and Artisan Opportunistic Value /zigman2/quotes/208860727/realtime ARTLX -0.85% .
In another interview from Jaffe's weekday radio program, Kurt Schacht, managing director of the CFA Centre for Financial Market Integrity, discussed a growing wave of proxy maneuvers that would force corporate management to stop back-dating options. He also talked about the success of votes designed to give shareholders a say in the pay of the top executives at the companies they own.
Listen to the highlights of Your Money with Chuck Jaffe.
Also, Shigeki Makino, portfolio leader for Putnam Global Equity Fund /zigman2/quotes/204814291/realtime PEQUX -1.08% , suggested that investors look for "emerging economies" rather than "emerging markets," noting that there's money to be made investing in the development of these growing nations. Emerging economies provide a more stable, growth-oriented environment, which has made old-line businesses - such as steel and shipbuilding - into good stocks to own because the need to grow infrastructure is so strong.
Many of Jaffe's radio interviews feature reviews of stocks and mutual funds suggested by MarketWatch readers. To request a stock or mutual fund for review, send your name, hometown and the ticker symbols that interest you to Chuck Jaffe .
Add to watchlist
