Ken heebner biography
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Ken heebner biography wikipedia
Kenneth Heebner was born in Philadelphia in 1940 and studied at Amherst College and Harvard Business School. After graduating in 1965 he worked as an economist, then moved into fund management in 1971, starting out as an assistant fund manager.
In 1990 he set up his own investment manager, Capital Growth Management. He currently runs three funds: CGM Mutual Fund, CGM Focus Fund and CGM Realty Funds.
What is his strategy?
Heebner seeks out little-appreciated economic trends that he believes will affect entire sectors.
Ken heebner biography
He then bets on a few key companies that he thinks will do well as a result. On occasion he has also shorted shares of companies that he thinks will be harmed. While his general preference is for shares with low price/earning ratios, he will buy growth stocks if he thinks that they are set to benefit from economic growth.
CGM Focus has returned an average of 11.8% a year since it was set up in 1997, so a $10,000 investment would have grown to $96,300.
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