This may be the closest thing the fund industry may get to a Katy Perry musical, the one where Perry changes from her nerdy mouth guard and glasses to the hot dress and heels, and saxophonist Kenny G passes out on the couch.

Alright, that's probably an exaggeration but things are getting almost party-like for Dodge & Cox

Investors recently loosened a number of restrictions to Dodge & Cox's investment managing strategies, according to InvestmentNews.

Previously, Dodge manages couldn't park more than 15 cents of shareholder dollars in illiquid investments, couldn't short or buy stocks on margin. They also, more or less, couldn't act as activist investors.

Now that these restrictions have been either loosened, or outright voted away, Dodge's managers must feel like they are moving from Debbie Boone sing-a-longs to Jello shots and partying in the pool.

Would the 80-plus year old $158 billion manager, which runs a lll of five funds, even dare to venture into something like an alt.

It's been known to happen. A number of vanilla firms are daring into Rocky Road territory. Fidelity recently entered into an alliance with Arden, for example. For Pete's sake, even American Century is daring to go the alts side.

Who will end up passed out on the couch? 

Edited by: Tommy Fernandez


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE