His flagship Technology Value fund is up 27percentthis yearandand has had an average annual return of 26percentt over the last five years.
Today, Whitman mostly focuses on his firm's flagship Third Avenue Value Fund (TAVXF), which typically devotes only a small portion of its holdings to distressed securities.
He poured money into duds like Countrywide Financial and American International Group, sending his flagship Weitz Value fund down 45% so far this year, worse than even the S&P 500′s 37% shellacking.
The government's problems began when a select committee questioned whether this flagship programme offered value for money.
This year, distressed assets of the flagship Third Avenue Value fund climbed to10percentnt of its $2.5 billion in total assets, from only 2percentt at the end of 2000.
Bill Nasgovitz, founder of Heartland Advisors and co-manager of the firm's flagship fund Heartland Value (HRTVX), thinks so.
Though only one of Lakonishok's eight investing strategies is up for the year through Sept. 30, all have handily beaten the S&P 500; his flagship large-cap value product has returned 13.2% since inception in 1993, compared with 8.6% for the S&P.
But despite all the volatility in his asset class, Cournoyer's flagship fund (net asset value, $115 million) has dropped 5% or more in one month on just three other occasions since it was launched in January 1995.
Indeed, like the giant panda, it is a flagship species of incalculable value for Madagascar and must be fully protected.
As such, these targets could be considered flagship targets, or reference values, for resource consumption levels indicating global fairness.
Its flagship fund plummeted 19 percent in value.
