Morningstar Cites Longleaf Small-Cap for Holding Ground During Downturn

Morningstar, the mutual fund ratings and analysis firm, this week noted how Longleaf Partners Small-Cap has held up relatively well during the current downturn for stocks.

Morningstar noted that Longleaf managers Mason Hawkins and Staley Cates are "willing to hang on through all sorts of pain if they think a company's share price significantly underrates its intrinsic value because ultimately, if the managers are right, price will catch up to value. That patience allows the fund's big losers to turn around and become big winners in later environments."

To read the story, "For Two Funds, 2011 Is Not Deja Vu All Over Again," click here.

Longleaf Partners Small-Cap is a component of the Bradway Strategic Portfolio, which consists primarily of investments with top money managers.