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CGM


CGM or Capital Growth Management is in general partnership with Heebner who is the portfolio manager and  was instrumental in helping launch the firm in 1990. Previously, he spent 12 years as the head of the portfolio management group for Loomis Sayles & Company. He also served as vice president with Scudder Stevens and Clark from 1971 to 1976. He began his career in 1965 as an economist with A & H Kroeger. Heebner is a Chartered Financial Analyst. 
 
The investment through this fund seeks long-term capital appreciation. The fund normally invests substantially all assets in common stocks and convertible securities. It may invest in well-established companies; companies likely to benefit from internal innovations, changes in consumer demand, or trends in basic economic forces; and smaller companies with good management and attractive prospects. The fund may also invest in investment-grade fixed-income securities. The investment seeks long-term capital appreciation. The fund normally invests substantially all assets in common stocks and convertible securities. It may invest in well-established companies; companies likely to benefit from internal innovations, changes in consumer demand, or trends in basic economic forces; and smaller companies with good management and attractive prospects. The fund may also invest in investment-grade fixed-income securities.
 
CGM Focus Fund seeks long-term growth of capital. The fund invests in a core position of equity securities. The fund is flexibly managed, with the ability to maintain exposure to the equity securities of domestic and foreign issuers of varied market capitalizations and industry focus. If management deems appropriate, it may establish short or long positions in specific securities or stock indexes through short sales, or through investments in derivatives instruments. This fund is non-diversified.
 
CGM Realty Fund seeks income and long-term growth of capital. The fund generally invests at least 65 percent of assets in equity securities of real-estate companies. These companies may include real-estate investment trusts; brokers or real-estate developers; and companies with significant real-estate holdings, such as hotel chains, supermarkets, and paper companies. The fund may invest up to 35 percent of assets in equity or fixed-income securities of companies outside the real-estate industry. It may invest up to 25 percent of assets in fixed-income securities rated below investment-grade. This fund is non-diversified.
 
With the kind of management and the unique setup of the firm it is certain that CGM is set to achieve far better returns from all its investments in years to come.
 

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