Another constellation of investment management stars is changing.
Davis Advisors Kenneth Feinberg, the co-manager of the $20.5 billion
Davis New York Venture Fund (NYVTX) and the $5.9 billion
Selected American Shares fund (SLASX) will leave at the end of this year, reports
Bloomberg and
VCPost.
Bloomberg reports Feinberg co-managed the two funds with
Christopher Davis, chairman of
Davis Advisors. They both shared the Davis and Feinberg shared Morningstar Inc.’s award for best U.S. stock mutual-fund manager in 2005. The Davis New York Venture fund has advanced 15 percent annually over the past five years, ahead of 52 percent of rivals, according to data compiled by Bloomberg. 
Edited by:
Tommy Fernandez
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