Quote Originally Posted by OhGreatGuru View Post
Might "one investor" be an institutional investor, like a large pension fund? Still similar risk of the fund managers deciding to dump the mutual fund; but perhaps less likely than a single person or family.
I think this is unlikely as there are a number of funds all in this family of funds with the same disclaimer. An institutional investor would negotiate directly with the managment and set up a private account based on an IPS. I just cannot see an institutional investor buying into a bunch of retail mutual funds.