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John Keeley
By admin - Posted on August 11th, 2008
Tagged: "What makes us different is where we look." That's the way John Keeley Jr. explains his firm's distinctive approach to stock-picking, and its excellent returns.
The 15-year-old Keeley Small Cap Value Fund searches for little-known companies going through restructurings or spinoffs, trading at significant discounts and not included in popular indexes.
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"What makes us different is where we look." That's the way John Keeley Jr. explains his firm's distinctive approach to stock-picking, and its excellent returns.
The 15-year-old Keeley Small Cap Value Fund searches for little-known companies going through restructurings or spinoffs, trading at significant discounts and not included in popular indexes.
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By admin - Posted on July 10th, 2008
Tagged: Keeley Asset Management, which made its name by selecting small and forgotten companies, said on Wednesday that it took an 18 percent stake in beleaguered money manager Pzena Investment Management.
Keeley Asset Management, which made its name by selecting small and forgotten companies, said on Wednesday that it took an 18 percent stake in beleaguered money manager Pzena Investment Management.
By admin - Posted on January 2nd, 2007
Tagged:
Change is unavoidable with investing, but to mutual-fund manager John Keeley Jr., it can provide profitable opportunities. So many opportunities, in fact, that all the small-cap companies in his Keeley Small Cap Value Fund (KSCVX) are in the midst of some degree of corporate restructuring. "We buy stocks that are going through significant changes," he said. These changes come in one of five forms: spin-offs; savings and loan and insurance conversions; companies trading below their book value; businesses emerging from bankruptcy, and, finally, what Keeley calls "wayward utilities" -- companies that made ill-timed or mismanaged acquisitions. There are many such utilities in the wake of the industry's deregulation several years ago, he says.
"In corporate restructuring, you just don't know when it's going to work out," Keeley noted. "You need a reasonable amount of patience."
Change is unavoidable with investing, but to mutual-fund manager John Keeley Jr., it can provide profitable opportunities. So many opportunities, in fact, that all the small-cap companies in his Keeley Small Cap Value Fund (KSCVX) are in the midst of some degree of corporate restructuring. "We buy stocks that are going through significant changes," he said. These changes come in one of five forms: spin-offs; savings and loan and insurance conversions; companies trading below their book value; businesses emerging from bankruptcy, and, finally, what Keeley calls "wayward utilities" -- companies that made ill-timed or mismanaged acquisitions. There are many such utilities in the wake of the industry's deregulation several years ago, he says.
"In corporate restructuring, you just don't know when it's going to work out," Keeley noted. "You need a reasonable amount of patience."
