Rob started by explaining that the track record of the fund over the long term has been poor but it has picked up in the short term. He then went on to explain why investors should now consider his fund vs those that have a better track record over the long term.
His argument is that cheap companies will outperform over the long term, and his fund is a pure value strategy. However, over the last 9 years it has been a tough time for value funds and many have been shut down or rebranded. He believes fund management is a brutal industry where you have 3 years to prove yourself or you are out, so it is difficult to go against the crowd….read more