Heebner Having Another Tough Year
Michael E. Brisky (July 13th, 2009) Writes:
a href="http://bloomberg.com/apps/news?pid=20601213amp;sid=ag111_Nsp2jU"Interesting piece/a out at Bloomberg about CGM's Ken Heebner trailing the market again for a 2nd year in a row after a huge 80% return in 2007:br /br /ullia href="http://search.bloomberg.com/search?q=Kenneth+Heebneramp;site=wnewsamp;client=wnewsamp;proxystylesheet=wnewsamp;output=xml_no_dtdamp;ie=UTF-8amp;oe=UTF-8amp;filter=pamp;getfields=wnnisamp;sort=date:D:S:d1" onmouseover="return escape( popwSearchNews( this ))"Kenneth Heebner/a’s CGM Focus Fund is at the bottom of the heap for the second consecutive year after investments in insurers such as a href="http://bloomberg.com/apps/quote?ticker=HIG%3AUS" onmouseover="return escape( popwQuoteShort( this, 'HIG:US' ))"Hartford Financial Group Inc/a. and retailer Wal-Mart Stores Inc. went awry./lilia href="http://bloomberg.com/apps/quote?ticker=CGMFX%3AUS" onmouseover="return escape( popwQuoteShort( this, 'CGMFX:US' ))"CGM Focus/a, with $3.6 billion in assets, trailed 96 percent of similarly managed funds in 2008 and 99 percent this year through July 9, according to data compiled by a href="http://www.morningstar.com/" target="_blank" onmouseover="return escape( popwOpenWebSite( this ))"Morningstar Inc/a. Heebner, co-founder of Boston-based Capital Growth Management LP, had the only fund in the group with $100 million or more that ranked in the bottom 5 percent in both years, ...
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bloomberg, Boston, Capital Growth Management LP;, CGM Focus Fund, Chicago, Co Founder, Energy Markets, finance, FULL, good fund manager, Hartford Financial Group Inc, Ken Heebner, Kenneth Heebner, manager, Market Commentary, michael brisky, Morningstar Inc., Spx, The Macro Trader, United States, USD, Wal Mart Stores Inc, Xml
bloomberg, Boston, Capital Growth Management LP;, CGM Focus Fund, Chicago, Co Founder, Energy Markets, finance, FULL, good fund manager, Hartford Financial Group Inc, Ken Heebner, Kenneth Heebner, manager, Market Commentary, michael brisky, Morningstar Inc., Spx, The Macro Trader, United States, USD, Wal Mart Stores Inc, Xml


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