It's not an auspicious time to roll out a small-cap fund, so investors should keep their expectations in check since small-caps may be in for a breather.

Last year, I didn't perform well. I didn't really live up to expectations.

It's a sad fact, but mutual-fund investors really get a raw deal when it comes to taxes.

It's to promote the beauty and power of math. It is beautiful and powerful and how it shouldn't be a scary thing.

I don't think the conflicts completely disappear but the transaction certainly helps alleviate some of that.

I'm very glad to see it close. We've been cautioning investors not to expect as much from it because its asset base has significantly limited its flexibility. At a certain level, it's going to lose its ability to distinguish itself from an index fund.