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Fund Openings, Closings, Manager Moves: Time to Bury Tombstone Fund
Looks like the Pauze Tombstone fund is headed for the big sleep.
Its directors have voted to close the fund to new investment immediately and liquidate it on April 24, essentially putting everyone involved out of their misery.
The small and much-maligned fund invests in the death-care industry, primarily funeral homes and casketmakers. The fund tracks Pauze's own Tombstone Index, but it has been mostly comatose since its 1997 inception. ...
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