The Safest Concentrated Funds.

The article examines the risks associated with investments in concentrated portfolio of stocks in the U.S., as of December 2015. Topics discussed include fall in the funds of companies like Valeant Pharmaceuticals International and Sequoia; management fees associated with concentrated funds; ways in which concentrated managers pay for more risk control; and views of Stephen Yacktman, of Yacktman Asset Management, on the issue.