Fidelity, PIMCO Among Morningstar’s Fund Manager of the Decade Nominees

Among the nominees for Morningstar’s Fund Manager of the Decade, a new award program that recognizes performance, perseverance and shareholder dedication, are managers from Fidelity, PIMCO, Oakmark and American Funds.

“The past 10 years have been the most brutal period for investors since the 1930s,” noted Karen Dolan, director of mutual fund analysis at Morningstar. “Two severe bear markets wiped out years of prior gains and have left many investors with uninspiring returns over the entire period. The nominees for this award excelled by relying on their own original research, preserving capital when needed, and having the patience to stick with their approaches in good times and bad.”

Nominees for Domestic Stock Fund Manager of the Decade are:

  • Bruce Berkowitz, Fairholme
  • Charlie Dreifus, Royce Special Equity Investment
  • Steve Romick, FPA Crescent
  • Joel Tillinghast, Fidelity Low-Priced Stock
  • Don Yacktman, Yacktman

 Nominees for International Stock Fund Manager of the Decade are:

  • American Funds EuroPacific Growth A—the team
  • Manning & Napier World Opportunities A—the team
  • Jean Marie Eveillard, First Eagle Global
  • David Herro, Oakmark International Small Cap and Oakmark International
  • Dennis Stattman, BlackRock Global Allocation

Nominees for Fixed Income Fund Manager of the Decade are:

  • Dodge & Cox Income—the team
  • Dave Fuss, Loomis Sayles Bond Retail
  • Bill Gross, PIMCO Total Return Institutional
  • Jeffrey Gundlach, TCW Total Return Bond
  • Christine Thompson, Fidelity Municipal Income and Fidelity Advisor Municipal Income

“As the decade officially comes to a close, we’ll evaluate these great managers and award those who did the best job steering their funds through this tumultuous period to achieve outstanding long-term performance for their investors,” Dolan said. Morningstar will announce the winners in January.

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