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It is the rare night I fall asleep before turning a few pages of a book. So, I was quite surprised to find myself immersed in Louise Penny’s Inspector Gamache novels, all 18 of them. Knowing that I would not run out of books, no matter how many sleepless nights I might be facing, calmed me. Returning to my Louise Penny mystery that night, I realized that perhaps it was the memory of those lonely nights from my childhood that kept me from reading mystery books. The women physicians who took care of me are a stunning reminder of how the world has changed since my childhood.
Persons: Maggie Mulqueen, Louise Penny’s, Gamache, Maggie Mulqueen Maggie Mulqueen, Peter, Gamache’s, , , Nancy Drew, Louise Penny Organizations: CNN Locations: Brookline , Massachusetts
The fund has a portfolio of individual stocks that is offset by put options on the S & P 500. It has delivered a total return of more than 3% over the past year, according to FactSet, even as equity markets have fallen into a bear market. To be sure, the fund's focus on total return and downside protection will likely lead to underperformance of the S & P 500 during up markets. In these periods, the fund has underperformed the S & P 500 going back to its inception in 2017. Gamache said that some clients view the fund as a piece of their equity portfolio while others see it in part as fixed income proxy, given its total return and downside protection focus.
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