Most mutual fund launches do not merit much press attention. The new Wintergreen Fund attracted attention earlier this week in a piece that focused on the ability of star managers to go out on their own, successfully. Now, Terence Geenty at weighs in on the advantages and disadvantages of the new Wintergreen Fund. Geenty is in fact surprised that Winters chose to launch a mutual fund when there clearly would have been an opportunity to launch a hedge fund.

The new Wintergreen Fund, like Winters’ earlier fund, will have a great deal of flexibility to allow him to practice his unique form of value investing. However Geenty believes that Winters is asking too much for that privilege with an expense ratio expected to be near 1.95%. Another concern is the lack of additional analytical support for Winters. Despite having faith in Winters’ abilities, Geenty believes it is too early to commit to the Wintergreen Fund in part because there are better options for fund investors already out there.

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Please see disclosures here.

Please see the Terms & Conditions page for a full disclaimer.