Donald Yacktman and Kenneth Heebner both crushed fund rivals over the past 13 years, racking up big gains in an era when stocks went sideways. The difference is Yacktman gave investors a smooth ride, Heebner anything but.
Yacktman Asset Management, the money manager founded by Donald Yacktman, said it’s supporting a proposal by Carl Icahn that would scuttle the planned leveraged buyout of Dell Inc. by its founder, Michael Dell.
Affiliated Managers Group Inc., the company that owns stakes in more than two dozen money managers, agreed to buy Yacktman Asset Management Co., the Austin, Texas- based firm founded in 1992 by Donald Yacktman.
News Corp.’s fifth-largest shareholder Donald Yacktman said he was underwhelmed by the financial results of the company’s publishing spinoff, which is poised to become a publicly traded business next year.
Donald Yacktman, whose $19 billion mutual-fund firm has outperformed peers by picking undervalued stocks, is leading a rush of investors betting Research In Motion Ltd. and its BlackBerry smartphone can recover.
The past month’s rout in equities and bonds didn’t trigger any buying or selling at the $4.5 billion SunAmerica Focused Dividend Strategy Portfolio. The fund chooses its 30 stocks once a year based on a formula and sticks with them no matter what.
Jeremy Grantham , Bill Miller and Donald Yacktman told mutual-fund investors that 2010 was the year to buy the biggest stocks. They’re sticking with the prediction even after getting drubbed by most of their peers.
Ken Heebner , whose top-performing mutual fund was mired in a two-year slump, is among the main beneficiaries as the rally that lifted stocks 17 percent in 10 weeks rewards managers betting on an economic recovery.