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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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