We are very glad to announce that Ken Heebner has been named Investment Guru of the Year 2007 by GuruFocus readers.
Ken Heebner is the co-founder of Capital Growth Management, a money management firm with more than $9 billion under management. Ken Heebner is the manager of CGM Focus Fund. Since the beginning of the year, the fund has rocketed more than 60%, thumping the S&P500 index by some 57%. Over the past ten years, CGM Focus has chalked up astounding average returns of 25% a year.
We started this year by asking readers to nominate their favorite Gurus, these Gurus are then listed as candidates for readers to vote. The candidates were Ken Heebner, Bruce Berkowitz, Robert Rodriguez, Martin Whitman and David Winters.
Out of all the readers that voted, Ken Heebner received 34.8% of the votes, declaring him Investment Guru of the Year 2007. Bruce Berkowitz received 27.5% of the votes at second place. He is followed by Robert Rodriguez, who received 16.4% of the votes. Martin Whitman and David Winters tied for 10.6% of the votes.
GuruFocus reader Generaljoe said, “KEN HEEBNER. CGMFX Mutual fund was the top fund for the month, year, and five year. He deserves it hands down.” Many would agree.
Ken Heebner calls himself a “plain vanilla” kind of fund manager, he looks for opportunities wherever he can find them and then pursues them aggressively, quickly diving in and out of stocks of all sorts. He sold short financial stocks due this year’s mortgage crisis, which helped him gain while others lost.
Robert Rodriguez, another candidate for Investment Guru of the Year 2007, has predicted the financial crisis a few years back (Read: Robert Rodriguez's Perspective on Financial Stocks and Sub-Prime Loans.) He avoided losses by investing little in financials during the past years. User Highroi says: “His returns / risk factor is the best on Wall Street this year in my humble opinion.” and this is agreed by Valuefan.
Congratulations, Mr. Heebner!
Ken Heebner is the co-founder of Capital Growth Management, a money management firm with more than $9 billion under management. Ken Heebner is the manager of CGM Focus Fund. Since the beginning of the year, the fund has rocketed more than 60%, thumping the S&P500 index by some 57%. Over the past ten years, CGM Focus has chalked up astounding average returns of 25% a year.
We started this year by asking readers to nominate their favorite Gurus, these Gurus are then listed as candidates for readers to vote. The candidates were Ken Heebner, Bruce Berkowitz, Robert Rodriguez, Martin Whitman and David Winters.
Out of all the readers that voted, Ken Heebner received 34.8% of the votes, declaring him Investment Guru of the Year 2007. Bruce Berkowitz received 27.5% of the votes at second place. He is followed by Robert Rodriguez, who received 16.4% of the votes. Martin Whitman and David Winters tied for 10.6% of the votes.
GuruFocus reader Generaljoe said, “KEN HEEBNER. CGMFX Mutual fund was the top fund for the month, year, and five year. He deserves it hands down.” Many would agree.
Ken Heebner calls himself a “plain vanilla” kind of fund manager, he looks for opportunities wherever he can find them and then pursues them aggressively, quickly diving in and out of stocks of all sorts. He sold short financial stocks due this year’s mortgage crisis, which helped him gain while others lost.
Robert Rodriguez, another candidate for Investment Guru of the Year 2007, has predicted the financial crisis a few years back (Read: Robert Rodriguez's Perspective on Financial Stocks and Sub-Prime Loans.) He avoided losses by investing little in financials during the past years. User Highroi says: “His returns / risk factor is the best on Wall Street this year in my humble opinion.” and this is agreed by Valuefan.
Congratulations, Mr. Heebner!
