Inside the First Fund from Vanguard, Wellington and Blackstone

My initial take on the first interval fund from the Wellington-Vanguard-Blackstone alliance.

May 8, 2025 | 3 min read

Forecasts, Fees, and False Narratives

All winning streaks end | The economy contracted last quarter | Treasury Secretary’s sweeping forecast | A zero-fee fund follow-up | Vanguard’s 10-year outlook

May 7, 2025 | 10 min read

Active Funds and Taxes: A Losing Combo?

Can active funds outperform after taxes?

May 6, 2025 | 14 min read

Tariffs, Tumult … and a Flat Market

May 2025 | Taking stock of the markets and economy, one month after the tariff tsunami crashes. Plus, IVA Portfolio notes, the IVA Factor Tracker and a roundup of articles and analysis from the past month.

May 1, 2025 | 10 min read

Tariffs, Market Calm and the Truth About Zero-Fee Funds

Markets unchanged in April | Zero fee funds

Apr 30, 2025 | 5 min read

Taxing Returns: 2025

Measuring the bite taxes take out of Vanguard fund returns.

Apr 29, 2025 | 20 min read

Jeff DeMaso