Barron's turns it profiling eye to Fiduciary Management [profile], its $15 billion AUM and three mutual funds.

"We're in the rejection business," CEO and CIO Pat English tells the paper.

Of course he is talking about his portfolio management process and not anything else.

The firm's three mutual funds are: FMI Common Stock (FMIMX) with $1 billion, FMI Large Cap fund (FMIHX) with $6 billion and FMI International Fund (FMIJX), which is approaching its second birthday and has just $64 million of AUM.

English explains that he is not surprised by the slow growth in the fund:

"The consultants like to see a three-year track record," he says, referring to professionals who recommend funds to 401(k) plans. "But the strategy has a 30-year track record." FMI International has an expense ratio of 1%.

The article goes on to detail the fund's portfolio strategy. 

Edited by: Sean Hanna, Editor in Chief


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