PERMANENT PORTFOLIO FUND
Despite knowing of them since the late 1970's, one concern of mine had been that I knew very little about its management by Pacific Heights Asset Management (PHAH) since its re-oganization as such in 2002. There had been some "issues" under previous and partially original management in the 1990's. While concentrating on the funds they manage, I had missed the fact that they also have a large institutional business. Recently I learned from a San Francisco accountant that they manage well over $20 billion including PRPFX. Thus I came to see PHAH, and thus PRPFX, as a more significant player than I had assumed.
Despite knowing of them since the late 1970's, one concern of mine had been that I knew very little about its management by Pacific Heights Asset Management (PHAH) since its re-oganization as such in 2002. There had been some "issues" under previous and partially original management in the 1990's. While concentrating on the funds they manage, I had missed the fact that they also have a large institutional business. Recently I learned from a San Francisco accountant that they manage well over $20 billion including PRPFX. Thus I came to see PHAH, and thus PRPFX, as a more significant player than I had assumed.
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