A change in strategy has helped transform the GoodHaven Fund from a long-term underperformer into an outperformer since the end of 2019. The fund follows a concentrated-value approach and now has a four-star rating (out of five) in Morningstar’s Large Blend fund category.
Larry Pitkowsky, managing partner of GoodHaven Capital Management, based in Millburn, N.J., explained how this was achieved in an interview with MarketWatch.
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