Article: Year after Yacktman win, fund struggles: .(Brief Article)

But veteran manager says turnaround is on the wayPardon Donald A. Yacktman if he passes on a party next month to mark the first anniversary of his victory in a vicious board fight.

The Chicago value manager doesn't have much to celebrate.

"He's just getting smacked around right and left," says Don Phillips, chief executive of Morningstar Inc., who invests in the Yacktman Fund as an individual (the Chicago fund-tracking firm doesn't). "This has got to be extremely personally trying for him."

While he says he has faith in Mr. Yacktman, who ran money for 15 years at Stein Roe & Farnham and went on to manage the perennial top-performing Selected ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!