P Egan - Columbia Acorn Fund Manager since May 1, 2015
P Egan is Fund Manager at Columbia Acorn Fund
Under normal market conditions, the fund will invest at least 80 percent of its net assets in exchange-traded equity securities of companies around the globe engaged in legal cannabis-related businesses. Cannabis Growth is traded on NASDAQ Exchange in the United States. The fund is listed under Miscellaneous Sector category and is part of Foothill Capital Management family. Mr. Egan is President and International Chief Investment Officer of the Investment Manager and was associated with the Investment Manager or its predecessors as an investment professional since 1999. He was President of the Trust since April 2014 and served as a Vice President of the Trust from 2003 through March 2014. Mr. Egan began his investment career in 1999 and earned a B.A. from Middlebury College and an M.A. from the University of Chicago.
| Tenure | 9 years |
| Phone | 888-885-0588 |
Columbia Acorn Management Team
Elected by the shareholders, the Columbia Acorn's board of directors comprises two types of representatives: Columbia Acorn inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Columbia. The board's role is to monitor Columbia Acorn's management team and ensure that shareholders' interests are well served. Columbia Acorn's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Columbia Acorn's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Korey Bauer, Fund Manager | ||
| P Egan, Fund Manager since May 1, 2015 | ||
| Fritz Kaegi, Fund Manager since May 1, 2015 |
Columbia Fund Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right mutual fund is not an easy task. Is Columbia Acorn a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Price To Earning | 23.89 X | |||
| Price To Book | 3.54 X | |||
| Price To Sales | 2.07 X | |||
| Total Asset | 5.05 M | |||
| One Year Return | (52.80) % | |||
| Net Asset | 5.05 M | |||
| Minimum Initial Investment | 2.5 K | |||
| Last Dividend Paid | 0.09 | |||
| Cash Position Weight | 20.72 % | |||
| Equity Positions Weight | 56.37 % |
Pair Trading with Columbia Acorn
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Columbia Acorn position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Columbia Acorn will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to PACCAR could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PACCAR when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back PACCAR - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling PACCAR Inc to buy it.
The correlation of PACCAR is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as PACCAR moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PACCAR Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for PACCAR can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Other Consideration for investing in Columbia Mutual Fund
If you are still planning to invest in Columbia Acorn check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Columbia Acorn's history and understand the potential risks before investing.
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