Orinda, California-based Litman/Gregory Fund Advisors
has expanded its Masters' Select
series of funds to five. The firm cherry picks top portfolio managers and gives them freedom to pick stocks that represent their "highest conviction ideas."
Sub-advisory duties for the Masters' Select Focused Opportunities Fund
will be divided evenly between three teams: Chris Davis
and Ken Feinberg
of Davis Selected Advisors
, Mike Embler
and Peter Langerman
of Franklin Mutual Advisors
, and Craig Blum
and Steve Burlingame
of TCW Investment Management
. Unlike the other Masters' Select funds, which allow sub-advisors to choose up to 15 stocks, the Focused Opportunities Fund requires each team to pick between five and seven stocks.
Detailed information on the fund is available at Litman/Gregory's Masters' Select Web site
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