Morningstar Rating

Fund Research and Analysis

by Kathryn Young
Kinetics Paradigm is intriguing but may be unsuitable for many investors.

This world-stock fund brings a unique twist to classic value investing. Lead manager Peter Doyle looks for firms offering a high return on equity and trading for less than his   Read more 

Kudos

Flexible mandate allows management to demonstrate security selection and market-timing skills.
Below-average turnover. Read more 

Risks

Management takes large sector bets which court risk.
Above-average volatility. Read more 

Strategy

Lead manager Peter Doyle pursues a classic value strategy in which he seeks firms, regardless of market capitalization, that offer a high return on equity available at prices well below his estimates   Read more 

Management

Peter Doyle is lead manager of the Paradigm fund, Kinetics Asset Management's flagship fund and has been since the fund's inception. He is assisted by comanagers Murray Stahl and Paul Mampilly and a team of more than 10 analysts. Doyle serves as CIO,  Read more 

Inside Scoop

This fund has a broad mandate that allows it to invest globally, including emerging markets, and across market capitalizations. Lead manager Peter Doyle tends to invest   Read more 

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