Donald Yacktman is one of the most successful fund managers in the industry reports Businessweek.
Donald Yacktman’s Fund has $1.5B in Deposits This Year
Donals Yacktman’s Yacktman Focused Fund has brought in roughly $1.5 billion in net deposits this year. Considering “Investors pulled out around five times more cash from hedge funds in the month to October 1 than in the prior period, during one of the most turbulent few weeks for stock and bond prices since the 2008 financial crisis dampened appetite for risk,” Yacktman’s growth is impressive.
Donald Yacktman’s Fund Outperforms Peers
Donald Yacktman is also outperforming his peers in fund performance. The average hedge fund has lost 4.7% YTD from January 1 to September 30. In contrast, the Yacktman Focused Fund rose 5.2% in the same period, making its return “better than 96 percent of large-cap value funds.” And this year is no anomaly. Yacktman’s Focused Fund “returned 13 percent annually, the best showing among more than 500 comparable funds. The firm’s flagship Yacktman Fund ranks second with an average gain of 12 percent.” According to Businessweek, the only other funds that have done as well “are his flagship Yacktman Fund, Artisan Mid Cap Value Fund, Wells Fargo Advantage Growth Fund, First Eagle U.S. Value Fund and SunAmerica Focused Dividend Strategy Portfolio.”