Rising Talent Nominees - Justin White (PRWAX)

[runforfun]

Thought this would be of interest to those who own PRWAX, TRP All Cap Opportunities (link). I own it as well and consider it a LT position.

PM Justin White was named as one of Morningstar's Rising Talent nominees. "White is an independent thinker whose portfolio often reaches beyond pure growth plays. During his five-year tenure through May 2021, the fund beat the Russell 1000 Growth Index by more than 3 percentage points annualized and outperformed 90% of its large-growth category peers on a total and risk-adjusted return basis." 

We all know past performance isn't an indicator of future returns, but I own the fund because of the growth focus, smaller AUM, dips into mid caps, and I like the PM. Hopefully the "fame" doesn't lead to more AUM growth.. although TRBCX has handled that well. 

[chang]

Damn … the M* curse … remember Bruce Berkowitz was named Fund Manager of the Decade …

I chose PRWAX for 100% of my Roth last year.

[paulr888]

EGFFX is another possibility. Its 10 yr annualized rate of return is 20.3%. It has no international as I like to be as pure bred as possible. I have international funds for that exposure.

[anitya]

Did somebody mention ALAFX - Alger Focus Equity in this forum? I thought I would get back to the post later and can not find it now. BTW, ALAFX performance is similar to that of EGFFX since Feb 2020.

[Deleted]

I also heard about M* curse. I was considering PRWAX but now I will stay away from it.

[chang]

Jun 16, 2021 3:03:32 GMT @waffle said:

I also heard about M* curse. I was considering PRWAX but now I will stay away from it.

I was joking … well, half joking. M* awards do attract attention, so it's not in any shareholder's interest for their manager to receive an award. The curse seems on occasion to be real, although I read an article a few years ago debunking it.

In any case, PRWAX kicked ass today. (So did VWUAX.)

[johntaylor]

Under Sharps, TR seems to be running from "star manager" notions, with annual and semi-ann reports now bland and "corporate"

[roi2020]

Jun 18, 2021 1:22:06 GMT chang said:

Jun 16, 2021 3:03:32 GMT @waffle said:

I also heard about M* curse. I was considering PRWAX but now I will stay away from it.

I was joking … well, half joking. M* awards do attract attention, so it's not in any shareholder's interest for their manager to receive an award. The curse seems on occasion to be real, although I read an article a few years ago debunking it.

In any case, PRWAX kicked ass today. (So did VWUAX.)

The following funds run by M* Fund Manager of the Year winners performed poorly in subsequent years.
I didn't perform a comprehensive review of all prior Fund Manager of the Year winners.
I'm certain there are other funds run by "winners" which suffered a similar fate.

2010
Domestic Stock: Bob Goldfarb and David Poppe, Sequoia
International Stock: Brent Lynn, Janus Overseas
Fixed Income: Michael Hasenstab, Templeton Global Bond

2009
Domestic Stock: Bruce Berkowitz, Fairholme

[Deleted]

I started investing in 2009. I invested in all those 4 funds - Sequoia, Templeton Global Bond, Fairholme and Janus Overseas. First 3 were disasters though I got out without losing my shirt, 4 th (Janus overseas) I do not remember.

[roi2020]

I owned Janus Overseas (JAOSX) while Helen Young Hayes was the manager  (05/02/1994 — 06/16/2003).
I also owned Templeton Global Income (GIM) for several years.
It's a CEF run by Michael Hasenstab that is similar to Templeton Global Bond (TPINX).
In late 2013, GIM was trading with an attractive discount and it had a lower expense ratio than TPINX.
Unfortunately, the discount widened and Mr. Hasenstab lost his mojo.
I sold the CEF approximately five years later booking a small profit.

[rhythmmethod]

PRWAX EOY Dist. ~17% -- Holy Moly - Glad it's in my IRA.