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Quarterly Letter

View the Fund's S.E.C. standardized returns, rankings and related information

Auxier Report: Year End 2013

Dec 31, 2013

“In addition, the U.S. has a large but unpublicized peace dividend with the winding down of two wars.”

Auxier Report: Fall 2013

Sep 30, 2013

“While deregulating industries can be treacherous for investors, consolidation can lead to a firmer pricing environment and can provide a catalyst for attractive investment returns.”

Auxier Report: Summer 2013

Jun 30, 2013

“Risk tends to be correlated with the degree of overvaluation of an asset class. The Fed’s easy-money mandates have led investors to under-price risk.”

Auxier Report: Spring 2013

Mar 31, 2013

“A major misperception among investors is that bigger equates with better and safe.”

Auxier Report: Year End 2012

Dec 31, 2012

“Misallocation based on extremely easy credit has contributed materially to the two major market declines in the past 12 years. This past yaer the mindless rush for yield drove investors into the danger zone once again.”

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