Jim Lowell
Jim Lowell
harry pick run
Harry Lange couldn't be a better pick to run Magellan.
meet portfolio running tenth
They're running without a tenth of their portfolio to meet redemptions. That's a hellish way to run a portfolio.
cash defensive looking percent rather
I don't know what it is, I would rather see him go to 20 percent cash if he's looking for a defensive place.
seen
I've never seen the (cash levels) this high.
control loyalty peter vote
He may not have had a choice. If Peter had control over it, he wouldn't have sold. His loyalty is very deep. It's not a vote of no-confidence.
owning parts safer tends
Owning the parts tends to be a lot safer and a lot more rewarding,
bench building
It may be Abby building her own bench of advisers,
certainly experience fidelity fund manage mosaic
He certainly has the right mosaic of experience to be able to manage Fidelity Fund well,
bad stock suddenly turn unlikely
It's unlikely a bad stock picker will suddenly turn around,
atlantic business culture finding floating good hit income japanese life luck middle nearly objectives products raft relate savings talking trillion
It's like a flashlight on a life raft in the middle of the Atlantic -- good luck finding it. But if there's nearly $3 trillion floating around, and you can hit it with products that relate to Japanese investors' culture and objectives -- a savings and income orientation -- then you're talking about a significant business opportunity.
clearly good leaving news start
Beth is clearly one of their big names. The good news is she's not leaving to start a hedge fund.
deal high invested unless
I don't think it's a big deal at all, unless you're invested in high yield,
equipped fund job knew managers prior trust
Trust the fund managers that you knew were equipped to do the job prior to (last Tuesday).
hold manager matter until
You hold this manager until he dies, no matter where he goes,