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

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

Rating:An Octogenarian Makes Mutual Fund Managers 'Look Like Chimps' Not Rated 5.0 Email Routing List Email & Route  Print Print
Friday, July 30, 2010

An Octogenarian Makes Mutual Fund Managers 'Look Like Chimps'

by: Hung Tran

Sometimes it's just that simple. Bernard Klawans, a 89-year-old former aerospace engineer manages a mutual fund single-handedly and has reportedly outperformed some of the best in the business.

U.S. News & World Report's Ben Baden reports that Klawans, who has never had any formal training in money management or finance, has returned almost six percent on an annualized basis over the past 10 years via his Valley Forge fund, landing it in the top five percent of all large-cap value funds during that time period.

During the same period, the S&P 500 has reportedly lost about one percent. Klawans performance prompted Morningstar's vice president of research John Rekenthaler to say that Klawan "has made the pros look like chimps over the last decade".

So how does the former aerospace engineer do it? Klawans, who doesn't believe formal training is necessary to become a mutual fund manager, reportedly employs a conservative investing style to make his bets. He only invests in well-known names, such as his former employer GE, and is not afraid to pull money out of the market if it is tanking.

Valley Forge's assets are reportedly approaching $15 million and it brings in estimated inflows of some $500,000 per month. 

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

5.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
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