New executive chairman at REIT is longtime investment partner.
Investors may be taking a wait-and-see approach to the fund, which received an estimated $85.6 million in January.
For investors worried about how stocks will react to rising interest rates, last week's trading may provide some guidance. To wit: Following the biggest one-week jump in 10-year Treasury yields in more than a year, investors are selling the highest-yielding companies in the S&P 500.
In trying to capitalize on the news of mergers and acquisitions, hedge funds are being outdone by an exchange-traded fund clone.
Money manager Seth Klarman identified opportunities last year in energy after oil prices plunged. But with bargains drying up, the $28.5 billion Baupost Group's cash balances grew and the bargain hunter challenged the Fed's easy money policy.
Real estate investment trusts fell the most since September after a strong employment report renewed speculation that the Federal Reserve will boost interest rates in the first half of this year.
Any rate increase will be slow to avoid startling market, and caution will prevail for a long time, the fund manager predicts.
Texas-based Ellis & Ellis formerly was affiliated with Ameriprise Financial.
Older couples see cohabitating as a long-term commitment, not a stepping stone to marriage.
For investors worried about how stocks will react to rising interest rates, last week's trading may provide some guidance. Following the biggest one-week jump in 10-year Treasury yields in more than a year, investors are selling the highest-yielding companies in the S&P 500.
