How are your O'Leary Funds doing?

[Belguy]

It often seemed to me that Kevin O'Leary sounded like he actually knew what he was talking about. However, judging by the performance of his funds, perhaps not!!

http://www.theglobeandmail.com/globe...rticle2442818/

What say you?

[Jungle]

If I remember correctly, those funds have mer's in the 2-4% range. :S

Other mutual fund companies are seeing net redemptions go up too.. IGF and AGF.. people are fed up with the crappy returns and volitility. Add a nasty 2%+ mer to that and you're losing money.

[andrewf]

It often seemed to me that Kevin O'Leary sounded like he actually knew what he was talking about.

Which KO were you watching? That guy is an idiot!

[londoncalling]

those funds have mer's in the 2-4%

In that regard he knows exactly what he is talking about... Talk a big talk... keep a high profile... and make a nice profit off the sheep that are dumb enough to let him manage their money... Wash... rinse... repeat...

Cheers!

[doctrine]

Concur with Jungle. I don't think O'Leary is actually managing these funds directly either. He has done quite well on his Dragons Den and Shark Tank deals, but these are not what you're buying with these funds. Mutual funds are on their way out or at least must become cost competitive with ETFs.

[bettyboop]

there are 81 comments on that :0

I always find more merit in the comments than the articles themselves.

[HaroldCrump]

I don't think O'Leary is actually managing these funds directly either.

Correct - the fund management is done by another company called Stanton Asset Management.
Kevin O'Leary simply siphons off his fees from the top.
The fund managers must be getting the usual 2.5% MER and he takes the other 1.5% - that explains the 4% fees.

Given how much times he spends doing TV shows, there is no time left to do any real investing.

[Toronto.gal]

Seems Kevin pays his employees well enough.

http://news.nationalpost.com/2012/05...l-bag-of-cash/

[Ihatetaxes]

Seems Kevin pays his employees well enough.

http://news.nationalpost.com/2012/05...l-bag-of-cash/

LOVE that he did that - must have been very satisfying and pretty damn fun at the same time!! They should just be glad he didn't decide to pay it in pennies.

[Four Pillars]

LOVE that he did that - must have been very satisfying and pretty damn fun at the same time!! They should just be glad he didn't decide to pay it in pennies.

Seriously? What's there to love? The guy caused a big hassle at two different financial institutions because he thought it would be 'funny'. I can't believe he didn't realize what a problem it would be.