Concentrated Investing: “Go Big or Go Home”

Concentrated funds, such as Putnam Capital Spectrum Fund and Putnam Equity Spectrum Fund, seem to take the active manager’s maxim “go big or go home” further than most, according to a recent Wall Street Journal blog post. As of March 31, the 10 biggest holdings accounted for 72.1% of the Capital fund’s $6.1 billion in […]

Managing Risk in Concentrated Funds

Concentrated investment funds are inherently risky, but that is why a good manager may make all the difference, according to a recent piece in Barron’s. The article profiles several concentrated funds, usually holding less than 35 stocks at any given time (and thus not simply mirroring an index), that have achieved relatively low risk and […]