General Investing >> Money Manager Interviews >> October 4, 2012

Avoiding Outsized Bets in Large-Cap Value Investing for the Longer Term

David F. Hone is a Portfolio Manager on the Large Cap Value strategy at William Blair & Company, L.L.C., and has managed large-cap value assets since 2001. He joined William Blair in his current role in 2011. Previously, Mr. Hone served as Lead Portfolio Manager for Deutsche Asset Management’s U.S. Large Cap Value strategy from 2007 to 2010. In this role, he managed several products, including DWS Scudder Equity Income Fund and DWS Value Builder Fund. Before that and with the same firm, he served as an Analyst for sectors including consumer cyclicals, consumer staples and financials. He began his career at Chubb & Son as an Analyst for seven years. Mr. Hone is a member of the CFA Institute and the New York Society of Security Analysts. He received a B.A. in economics from Villanova University. Profile
TWST: Please start with a history and overview of the William Blair Large Cap Value Fund.

Mr. Hone: The large-cap value strategy is a new strategy for William Blair, and on October 24,