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Monday, Feb 26, 2024

Preview: Profit Motive Drives Racing Fund

The Antelope Valley is half a world away from the roaring engines of Formula One Grand Prix auto races in exotic locales such as Monaco, Barcelona, Singapore and Abu Dhabi. But the High Desert city of Lancaster is home to the one mutual fund where fans of Formula One can invest their money in companies that sponsor and support the professional racing series. The Grand Prix Investors Fund is the creation of John Foti, a finance professional with 35 years of experience who has been following Formula One for just as long. The fund sets itself apart from the 14,000 other funds on the market by investing specifically in companies that sponsor, supply or in other ways support Formula One. “No one has ever started a mutual fund that was related just to the companies that surround a particular sport,” the 62-year-old Foti said. “Because so much money is required in Formula One, it was a natural fit.” Read the full story in the May 30 issue of the San Fernando Valley Business Journal.

Mark Madler
Mark Madler
Mark R. Madler covers aviation & aerospace, manufacturing, technology, automotive & transportation, media & entertainment and the Antelope Valley. He joined the company in February 2006. Madler previously worked as a reporter for the Burbank Leader. Before that, he was a reporter for the City News Bureau of Chicago and several daily newspapers in the suburban Chicago area. He has a bachelor’s of science degree in journalism from the University of Illinois, Urbana-Champaign.

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