Muhlenkamp is an old name in the mutual fund business. Indeed, I interviewed this week’s interviewee’s father, Ron Muhlenkamp, the founder of the eponymous advisory firm, back in 2006 in the pages of WOWS’ predecessor publication.
At that point Muhlenkamp was a nearly 30-year-old company growing like gangbusters. Its mutual fund, MUHLX, created practically at starting gun of the secular bull market, in 1983, boasted AUM topping $3 billion.
Well, then the GFC happened, and Ron took a shellacking in a big exposure to homebuilders.
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