Morningstar Announces Fund Manager of the Decade Nominees
November 19 2009 - 7:05AM
PR Newswire (US)
CHICAGO, Nov. 19 /PRNewswire-FirstCall/ -- Which fund managers have
served investors the best during the most trying decade since the
Great Depression? Morningstar, Inc. (NASDAQ:MORN), a leading
provider of independent investment research, shared its favorites
with investors today and announced its nominees for the Morningstar
Fund Manager of the Decade awards. Morningstar will announce the
award winners in January following its coveted Fund Manager of the
Year awards. The Fund Manager of the Decade award, which is a new
award from Morningstar, recognizes fund managers who have achieved
superior results over the past 10 years and have an established
record of serving shareholders well. "The past 10 years have been
the most brutal period for investors since the 1930s. Two severe
bear markets wiped out years of prior gains and have left many
investors with uninspiring returns over the entire period," said
Karen Dolan, director of mutual fund analysis for Morningstar. "The
nominees for this award excelled by relying on their own original
research, preserving capital when needed, and having the patience
to stick with their approaches in good times and bad." Morningstar
will select winners in three broad asset classes--domestic stock,
international stock, and fixed income. The nominees for the Fund
Manager of the Decade awards are: Domestic-Stock Fund Manager of
the Decade: -- Bruce Berkowitz, Fairholme (FAIRX) -- Charlie
Dreifus, Royce Special Equity Investment (RYSEX) -- Steve Romick,
FPA Crescent (FPACX) -- Joel Tillinghast, Fidelity Low-Priced Stock
(FLPSX) -- Don Yacktman, Yacktman (YACKX) International-Stock Fund
Manager of the Decade: -- The team, American Funds EuroPacific
Growth A (AEPGX) -- The team, Manning & Napier World
Opportunities A (EXWAX) -- Jean-Marie Eveillard, First Eagle Global
A (SGENX) -- David Herro, Oakmark International Small Cap I and
Oakmark International I (OAKEX and OAKIX) -- Dennis Stattman,
BlackRock Global Allocation A (MDLOX) Fixed-Income Fund Manager of
the Decade: -- The team, Dodge & Cox Income (DODIX) -- Dan
Fuss, Loomis Sayles Bond Retail (LSBRX) -- Bill Gross, PIMCO Total
Return Institutional (PTTRX) -- Jeffrey Gundlach, TCW Total Return
Bond I (TGLMX) -- Christine Thompson, Fidelity Municipal Income and
Fidelity Advisor Municipal Income A (FHIGX and FAMUX) "As the
decade officially comes to a close, we'll evaluate these great
managers and award those who did the best job steering their funds
through this tumultuous period to achieve outstanding long-term
performance for their investors," Dolan said. While the awards
focus on performance over the past decade, Morningstar takes into
consideration other factors, including the fund manager's strategy,
approach to risk, size of the fund, and stewardship. Both
individual fund managers and management teams are eligible, and
being a previous winner of the Morningstar Fund Manager of the Year
award isn't a prerequisite. Morningstar's fund analysts will select
the Fund Manager of the Decade award winners based on Morningstar's
proprietary research and in-depth evaluation. For Morningstar's
article about the Fund Manager of the Decade award nominees, please
visit http://www.morningstar.com/goto/fmodnominees. About
Morningstar, Inc. Morningstar, Inc. is a leading provider of
independent investment research in North America, Europe,
Australia, and Asia. The company offers an extensive line of
Internet, software, and print-based products and services for
individuals, financial advisors, and institutions. Morningstar
provides data on more than 325,000 investment offerings, including
stocks, mutual funds, and similar vehicles, along with real-time
global market data on more than 4 million equities, indexes,
futures, options, commodities, and precious metals, in addition to
foreign exchange and Treasury markets. The company has operations
in 20 countries and minority ownership positions in companies based
in two other countries. ©2009 Morningstar, Inc. All rights
reserved. MORN-C Media Contact: Nadine Youssef, 312-696-6601 or
DATASOURCE: Morningstar, Inc. CONTACT: Nadine Youssef of
Morningstar, Inc., +1-312-696-6601, Web Site:
http://www.morningstar.com/
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