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Article: YACKTMAN PICKS 4 SLEEPERS.(MONEYWISE)
- Article from:
- The Cincinnati Post (Cincinnati, OH)
- Article date:
- February 25, 1997
CopyrightCOPYRIGHT 1997 The Cincinnati Post. All rights reserved. Reproduced with the permission of Dialog LLC by Gale Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Penelope Wang Money magazine
In 1992, Chicago fund manager Don Yacktman stunned the fund world by quitting Selected American Shares, where he'd averaged a heady annual return of 17.8 percent.
The reason: conflicts with fund owner Kemper Financial over his management style. Yacktman launched his own fund - and it promptly lost 6.6 percent in its first full year. Some investors wrote him off. But since then his $760 million Yacktman Fund (no load; 800-525-8258) has produced sterling annual average returns of 21.3 percent, two percentage points more than the Standard & Poor's 500.
Yacktman, 55, buys stocks trading at depressed prices ...