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Fund Times

Fund Times: Openings, Closings & Manager Changes

Markman, American Century, PBHG, Firsthand, and others.

Triple or Nothing
Outspoken fund-of-funds manager Robert Markman is not only giving up on his current bet with Vanguard Group founder and index fund zealot Jack Bogle, he’s throwing in the towel on the present incarnations of his own actively managed funds, too.

The Minneapolis-based financial advisor’s firm, Markman Capital Management, has decided to fold its small, dismally performing family of funds of funds into a new offering that won't be burdened by its predecessors’ terrible records, according to Securities and Exchange Commission filings.