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A fund battles back: up 45% this year

Longleaf Partners Fund: (LLPFX) Managers: Mason Hawkins and Staley Cates Return since 12/01: 70% None of our fund picks for 2009 delivered a stronger performance this year than Longleaf Partners, which is up a dazzling 45% since January, 26.5 points better than the S&P 500. Of course, that’s after a 51% free fall in 2008. “We’ve had a great run so far this year,” says Lee Harper, a portfolio manager at Southeastern Asset Management, Longleaf’s advisory firm. “But that’s also indicat

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A fund battles back: up 45% this year

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