Muhlenkamp Memorandum Issue #135

Click here for a printer-friendly PDF of the Memorandum.

Refer to the SMA All-Cap Value Fact Sheet for the Top 20 Holdings and performance data as of the most recent quarter-end.

In this Muhlenkamp Memorandum:
Quarterly Letter
Since early March the economy has been driven by public reaction to the unfolding COVID-19 pandemic. It remains our observation that public perception and actions are in the lead, not government actions, though there is significant feedback between the two…

About Our Client Relationship Summary
The Securities and Exchange Commission (SEC) recently required registered investment advisers and registered broker-dealers to provide a brief relationship summary to investors. The Client Relationship Summary is referred to as “Form CRS” and can be found on our website; I encourage you to take a look at it…

Webcast Archive Available – WORKING THE PROBLEM: The Impact of COVID-19 & Some Advice to Answer Our Clients’ Top Concerns Jeff and Tony Muhlenkamp discuss the economic disruptions caused by the COVID-19 pandemic.

Webcast Archive Available – Mapping Your Financial Future: It’s Never Too Late to Save for College Our webcast, led by Tony Muhlenkamp, takes a fresh look at an old topic: how do we save for college? Given the past few months, should we change the way we plan and save for our children’s education? Watch the webcast to hear our ideas on planning for your financial future.