Former Mutual Series Vet Sees Value in Europe
David Marcus sees values in Germany, Britain, and even one in Russia.
We caught up with David Marcus, manager of Evermore Global Value (EVGBX), to see where he finds values today. Marcus made a good call on Europe when crises had pushed stocks there down sharply. He was bullish and that call has worked well, though the fund's record prior to Europe's rally was weak because of that Europe bias. Marcus managed funds for Mutual Series in the 1990s and posted a solid record there. His approach is clearly influenced by Mutual Series, but he's modified it a bit over time.
1) What's the strength of the Mutual Series approach that you were a part of in the 1990s, and how have you modified that strategy since leaving the firm?
Russel Kinnel does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.