Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:High-Flying PMs Fall (Way) Down to Earth Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, October 17, 2011

High-Flying PMs Fall (Way) Down to Earth

Reported by Hung Tran

A trio of brand-name PMs' performances are in the cellar this year and The Wall Street Journal is taking a second look at why their funds are crashing and burning.

Specifically, the Fairholme Fund[see profile] has reportedly lost more than 27 percent this year.

Ken Heebner's CGM Focus[see profile] is down more than 22 percent.

Bill Miller's Legg Mason Capital Management Opportunity[see profile] has dropped almost 35 percent.

All three reportedly own fewer than 50 stocks or have more than half of their assets tied up in their top 10 holdings.

For his part, Heebner isn't losing too much sleep over his performance or his fund's outflow, which is in the neighborhood of some $649 million.

"My job is to manage the fund. I do not talk to investors," he told the pub. 

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

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use