Longleaf

Other than Bank of New York Mellon, virtually all of Longleaf's financial exposure is to insurance companies, says Tom Roseen , a senior analyst at researcher Lipper.

Defying the Trend Daisy Maxey 2011

He whooped and circled, dodged the tall thin trunks of Longleaf Pines.

Mother Lies Susan Rukeyser 2011

Longleaf Partners The $9 billion Longleaf Partners had 28% of its assets in financial stocks as of June 30.

Defying the Trend Daisy Maxey 2011

Instead, Clipper and Longleaf have been heavy on financial-services companies with diversified businesses and on insurance companies, and they have found value outside the financial-services sector.

Defying the Trend Daisy Maxey 2011

And in a July meeting with investors, the Longleaf team pointed to Bank of New York stock as a particularly exciting opportunity.

Defying the Trend Daisy Maxey 2011

Longleaf Partners Small-Cap fund, another Morningstar pick, trailed similar funds by about 7 percentage points in 2008, but in most years had trumped the category average.

When 'Focused' Funds Falter Joe Light 2011

Mason Hawkins, who managed Longleaf Partners, won the award in 2006, when he beat his benchmark by 6.17 percent.

Dan Solin: Morningstar's Fund Manager of the Year: A Slippery Slope Dan Solin 2012

Mason Hawkins, who managed Longleaf Partners, won the award in 2006, when he beat his benchmark by 6.17 percent.

Dan Solin: Morningstar's Fund Manager of the Year: A Slippery Slope Dan Solin 2012

The new Longleaf Stewardship Fund will build on the success of the public/private partnership and expand the restoration.

Mike Smith: National Fish and Wildlife Earns Grant to Restore Long Leaf Pines Mike Smith 2011

But two diversified funds that have invested heavily in the financial sector— Clipper Fund and Longleaf Partners —outperformed the S&P 500 through August, returning 0.9% and a negative 0.5%, respectively.

Defying the Trend Daisy Maxey 2011