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Rating:Towle Managers Eat Their Own Cooking  Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, October 30, 2013

Towle Managers Eat Their Own Cooking

News summary by MFWire's editors

Tastes good indeed.

The father-and-son team of Woody and Christopher Towle are an example of two fund managers who eat their own cooking, and enjoyed it too.

Reuters reports that the Towles, who manage the $41.7 million Towle Deep Value Fund, saw their fund earning 56.7 percent for the year through October 25, or about 30 percentage points more than the benchmark Standard & Poor's 500 stock index, and is in the top one percent of its peers, according to Morningstar data.

The newswire notes that roughly 40 percent of the assets invested in the fund are from the Towle's own pocket. 

Edited by: Tommy Fernandez


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