Mutual funds are seldom known for having exciting — or even enticing — ticker symbols. Then there's Marshfield Concentrated Opportunity Fund, ticker MRFOX, which specializes in zigging when others zag. The fund's founder and managing principal, Christopher Niemczewski, arrived at the ticker, MRFOX, in a manner similar to how the group makes investment decisions — by brainstorming with others.
"We intentionally try to be as different from the market as we can be in ways that make sense to us and then add value." For example, that means that the fund is willing to hold large amounts of cash while waiting for good opportunities to deploy it. Cash was roughly 20% of assets at the end of September.
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