General Investing >> Money Manager Interviews >> November 15, 2010

A Long-only Strategy That Outperforms Down Markets – Donald Yacktman, Stephen Yacktman & Jason Subotky – Yacktman Asset Managem

Yacktman, Donald
Donald Yacktman is the President and Co-Chief Investment Officer of Yacktman Asset Management LP. Before founding the firm in April 1992, Mr. Yacktman served for 10 years as the Senior Portfolio Manager of Selected Financial Services, Inc. For nine of those years, he also was the Portfolio Manager of the Selected American Shares mutual fund. Mr. Yacktman was named Portfolio Manager of The Year by Morningstar for his performance in 1991. Before joining Selected Financial Services, he was a Portfolio Manager at Stein Roe & Farnham. Mr. Yacktman holds a B.S., magna cum laude, in economics from The University of Utah and an MBA with distinction from Harvard University. Profile
TWST: Introduce us to the Yacktman Focused Fund and the Yacktman Fund.

Mr. Donald Yacktman: The Yacktman Fund was started in 1992 and is a diversified mutual fund. The top 10 holdings plus cash often