The $20 billion MainStay Marketfield fund’s chicken or egg problem
Fund performance sagged as assets ballooned and performance sagged – but the manager says his bad bets were the culprit.
At $20.2 billion, the MainStay Marketfield Fund (MFLDX) represents a third of the entire long-short equity mutual fund category as tracked by Morningstar Inc.
The fund, which has swelled from $2 billion two years ago when it was absorbed by New York Life Investment Management's MainStay Investments
Learn more about reprints and licensing for this article.