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Mark Oelschlager, manager of the Morningstar five-star rated Pin Oak Equity fund (POGSX), learned a lot from his father about managing a portfolio but has found success by taking a slightly different approach.

Issuance of securities backed by riskier US mortgages roughly doubled in the first quarter from a year earlier, as investors lapped up assets blamed for bringing the global financial system to the brink of collapse a decade ago.