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What do you do when your flagship fund goes from the top of its class to close to the bottom in a matter of weeks? From market trouncing to market lagging? That is the challenge facing this week’s guest.
Alex Umansky, Portfolio Manager of the Baron Global Advantage Fund which he launched at the firm of legendary growth manager Ron Baron in 2012. Umansky oversees about $2.4 billion dollars in assets at Baron Capital including $1.7 billion at his flagship Baron Global Advantage Fund.
However, in mid-November of 2021, the bottom fell out for the majority of its holdings. Global Advantage went from a 20% plus gain to a less than one percent gain by year-end, while its benchmark and competition fared much better. So far this year the fund is down 33% and lagging badly.
In a wide-ranging discussion, Umansky discusses what’s changed and what in his mind hasn't, which is why he is doubling down on some of his hardest-hit holdings and is convinced they will be long-term winners.
WEALTHTRACK #1843 broadcast on April 22, 2022
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256256 ratings
What do you do when your flagship fund goes from the top of its class to close to the bottom in a matter of weeks? From market trouncing to market lagging? That is the challenge facing this week’s guest.
Alex Umansky, Portfolio Manager of the Baron Global Advantage Fund which he launched at the firm of legendary growth manager Ron Baron in 2012. Umansky oversees about $2.4 billion dollars in assets at Baron Capital including $1.7 billion at his flagship Baron Global Advantage Fund.
However, in mid-November of 2021, the bottom fell out for the majority of its holdings. Global Advantage went from a 20% plus gain to a less than one percent gain by year-end, while its benchmark and competition fared much better. So far this year the fund is down 33% and lagging badly.
In a wide-ranging discussion, Umansky discusses what’s changed and what in his mind hasn't, which is why he is doubling down on some of his hardest-hit holdings and is convinced they will be long-term winners.
WEALTHTRACK #1843 broadcast on April 22, 2022
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