Skip to Content
Premium Article

Hot Value Fund Won't Go the Warren Buffett Way

Ameristock Focus Value's board rejects plan to convert to holding company.

Mentioned: ,

Ameristock Focus Value (AMFVX) is open to new investors again after the offering's board of directors shot down fund manager Nicholas Gerber's unique and controversial plan to convert the vehicle into a publicly traded company.

Gerber, who also runs the Ameristock Fund (AMSTX), had wanted to convert Focus Value into a holding company whose stock would have traded on an exchange. The new structure would have allowed the portfolio to buy bigger portions of companies than it could as a mutual fund, and even buy entire enterprises.

This article is exclusive to Morningstar Premium members.

Start a 14-Day Free Trial

Dan Culloton does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.