Don was a co-manager for AMG Yacktman Focused Fund and AMG Yacktman Fund until 2016. "We are truly inspired by the generosity of this contribution, and the opportunities it will provide for Buffalo Grove High School. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. - on Jul 16, 2021. in The R&L. Efren Landaos/SOPA Images. Yacktman Asset Management is an Austin, Texas-based investment firm with a focus on value equity investing. "This is about helping them discover their future, and helping them determine what motivates and inspires them, and then making sure they are equipped to succeed as Buffalo Grove graduates.". "Buffalo Grove High School, and the opportunities I received there, placed me on a path to success and helped me become the person I am today," said Yacktman. It is another positive sign that the fund's parent company is continuing to emphasize shareholders' interests over asset growth. During the. For one thing, the Yacktman Fund may have large chunks of money in cash when its managers think stocks are overvalued. King and Bailey have comanaged Praxis Intermediate Income(MIIAX) since 1994 and 2005, respectively. The foundation's executive director, Erin Brooks, said Yacktman made the donation in honor of Saulius Ploplys, his former AP Physics teacher who was a major influence on him. I am not receiving compensation for it. Buffalo Grove High School, and the opportunities I received there, placed me on a path to success and helped me become the person I am today," said Yacktman, who was involved in the arts and athletics while in high school and then attended Brigham Young University, where he graduated with an economics degree and MBA. We work frequently with alumni who wish to pay tribute to teachers who changed their lives, and these gifts repeatedly demonstrate the positive impact of public education.". From 2010-2013, he was the founder and author of Value Uncovered, an investment website focused on value-oriented stock research and fundamental analysis. It is also the #9 holding of Yacktman Asset Management, comprising 3.34% of the total. We know that Stephen's political affiliation is currently a registered Republican; ethnicity is Native American . Keith began his career with KPMG. That's the reward I was mostly seeking.". Discover how we prepare students for success in college, careers and life in High School District 214. He is currently the #5 rated hedge fund manager in the TipRanks database, with a portfolio valued over $8 billion, which has gained 137% over the last six years. Prior to that she worked for True North Advisors and First Command Financial Planning. Over the years, the $8 billion fund has undergone some changes, moving from its deep-value roots toward a more blended growth and value style mix. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. A look at the analyst consensus tells that story: PEP holds a Moderate Buy rating, based on 1 Buy and 2 Hold reviews. Over the past 15-, 10-, and five-year periods, the Yacktman Fund has been the top-performing large-cap blend fund, according to Morningstar Inc. Donald Yacktman and his son, Stephen. Stephen Yacktman becomes co-manager of Yacktman Funds 2004 Jason Subotky and Russell Wilkins become economic partners in firm 2006 Stephen Yacktman and Don Yacktman named Co-Chief Investment Officers 2007 Private Fund Launched 2009 Jason Subotky becomes co-manager of Yacktman Funds 2010 As part of the deal with AMG, Brian Yacktman cannot attach his familys name to his business or mutual funds. Develop and improve features of our offerings. Residential Links: www.dmagazine.com By: jdubble07 Advertisement Around the World Mailing List Advertisement Stephen Yacktman's House Bobby Epstein's House Paul Rogge's House Texas Capitol View Corridor - 360 Lookout Geoff Hangartner's House He has been co-manager for AMG Yacktman Focused Fund and AMG Yacktman Fund since 2002 and AMG Yacktman Global Fund since inception. Please click OK below to leave the Yacktman site and proceed to the selected site. Mr. Subotky is Partner and Portfolio Manager at Yacktman Asset Management. Congrats! A 2,000-square-foot space inside Buffalo Grove High School will become a state-of-the-art robotics, manufacturing and biomedical healthcare innovation lab at the school, thanks to a generous donation from Class of 1988 alumnus Stephen Yacktman and his wife Ellyn. On July 25, Don Yacktman announced that his son, Stephen Yacktman, had taken over as sole chief investment officer of Yacktman Asset Management, the subadvisor to Gold-rated Yacktman(YACKX) and Silver-rated Yacktman Focused (YAFFX). Mr. Frock is Senior Analyst /Trader. It gave us an opportunity early on to prove ourselves. By the firms 10th anniversary, YCG had nearly $500 million in assets under management. Its name was changed to AMG Yacktman Fund after Affiliated Managers Group (AMG) purchased a majority stake in the firm in 2012. The transition was an expected part of the firm's succession plan. When all was said and done, Yacktman increased his holding in PepsiCo by only 0.01%; chalk this one up as a conservative play. Pepsi offers two major advantages for the long-term investor. Value investors Stephen Yacktman and Jason Subotky, co-managers of the AMG Yacktman Focused fund, hear echoes of 1998 these days. It makes up 2.75% of the total holdings, after a 5% increase in the last quarter. And now, just that fast, we can.". August 1, 2019 Prince Harry left the audience of The Late Show in hysterics with a joke about host Stephen Colbert's wife during a surprise appearance. Yacktman also invited Ploplys to the Class of 1988 reunion last year. He was also the CIO and head analyst at the student-run Silicon Valley Fund. But that didnt come through, Brian recalls. Thank you for your interest in Yacktman Asset Management. He joined Yacktman Asset Management in 1993. Stephen Yacktman is 52 years old and was born on 04/16/1970. It is also the first Artisan fund to close to new investors since the fund's advisor, Artisan Partners Asset Management, went public earlier this year. It provides opportunities for namings, sponsorships, advertising, planned giving, scholarships and other student-supporting assistance. The lab will be named for Ploplys and his legacy. But honestly as a public high school, we didn't have the funds to really fill out the space with the technology and equipment that we need so our kids are really ready for the industry. Stephen received a B. S. degree from Brigham Young and a MBA from Brigham Young University. She joined Yacktman in 2013. TipRanks is the most comprehensive data set of sell side analysts, hedge fund managers, financial bloggers, and corporate insiders. We may use it to: To learn more about how we handle and protect your data, visit our privacy center. Yacktman is the chief investment officer at Yacktman Asset Management and said he credits much of his success to experiences he gained at Buffalo Grove High School. The link you have selected is located on another web site. BYU Marriott School of Business Home Page. We also respect individual opinionsthey represent the unvarnished thinking of our people and exacting analysis of our research processes. Choquette had comanaged the first two charges since 2005, and had been a named manager at Putnam Income since 2011. Yacktman is known for keeping away from bank stocks, but USB has been part of the portfolio since 2011. He founded Yacktman Asset Management in 1992 after a successful stint as a portfolio manager at Selected American Shares, and launched the Yacktman Fund soon after. The Citywire + rated manager runs the $846m Heptagon Yacktman US Equity fund alongside Jason Subotky. We sell different types of products and services to both investment professionals and individual investors. Mr. Carmody received a bachelors degree in Industrial and Labor Relations and a Master of Public Administration from Cornell University and an MBA from the MIT Sloan School of Management. Salm will also continue to contribute ideas to Putnam Income, alongside Brett Kozlowski and new comanager addition Michael Murphy, who came aboard on July 29. A look at the dividend confirms this; SYY pays out $1.56 per share, for an annual yield of 2.31%. Stephen. Austin, Texas (TX), US. Prior to that, he worked as a performance analyst for Atlantic Trust Private Wealth Management. "When I first got the call that we had a donor willing to really help us expand manufacturing, it brought chills," Principal Jeff Wardle said. Lets unpack them, with some help from TipRanks-rated Wall Street analysts. Working with the District 214 Education Foundation, Class of 1988 alumnus Stephen Yacktman and his wife Ellyn donated the $1 million in June. At the end of March 2019, nearly 30% of its assets were there. "In physics, we asked the big questions, like what's the nature of the universe?" Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. These products and services are usually sold through license agreements or subscriptions. Also, Mario Gabelli makes a very large gift to his alma mater. Don was named Morningstars Portfolio Manager of The Year in 1991. Don holds a B. S. Magna Cum Laude in economics from The University of Utah and an MBA with distinction from Harvard University. He is an early founder of 1-800-CONTACTS and served on the board . Yacktman, who grew up in Arlington Heights, is chief investment officer at Yacktman Asset Management. He joined the firm in 2001, having previously worked at a family office and as a Vice President at Goldman Sachs. Though his professional career is in the finance arena, he maintains a passion for manufacturing, engineering, science and technology. Yacktman has no control of the content or data shown on this site, and while Yacktman has no reason to doubt the reliability of the data shown, its accuracy is not guaranteed. 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