Thursday, October 30, 2008

Had a 5% stake in IndyMac

This fund may have been forced to sell due to margin calls:

In 2007, Classic Fund Management also reported a 5.38-percent stake in auto parts maker Lear Corp (LEA.N: Quote, Profile, Research) in May, and a 5.1-percent stake in U.S. mortgage lender IndyMac Bancorp Inc IMB.N in August, according to SEC filings. (Reporting by Karey Wutkowski)

Posted by Perry Rod, at 1:32 PM

Thursday, October 30, 2008

Bought into CC at Around $3.61

The sale represents a 90% pluss loss

Posted by Perry Rod, at 1:31 PM

Thursday, October 30, 2008

Info on Fund

Who are we We, Braun, von Wyss & Müller AG, are a team of experienced securities analysts, portfolio managers and bankers, and we manage the Classic funds as investment advisers. In order to realize our conception of what asset management should be independently and without compromise, we founded two companies at the end of 1997:

Braun, von Wyss & Müller AG, Freienbach SZ Investment adviser of the Classic funds

Classic Fund Management AG, Vaduz Fund management company for the Classic funds

Target: Long term capital appreciation

It is our goal to obtain long term capital appreciation for both private and institutional investors. To this end we use a disciplined investment process in the value style. As experienced securities analysts we do our own research, in order to ensure the quality of our funds. We also publish articles on current issues.

We are also invested

Naturally, the greatest part of our personal assets is invested in the Classic funds.

Sales authorization of the Federal Banking Commission

The Federal Banking Commission has granted Braun, von Wyss & Müller AG the permission to act as representative of the funds in Switzerland.

Posted by Perry Rod, at 1:27 PM