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The Oakmark Select mutual fund just made a big bet on two of the most toxic stocks of the financial crisis.
FORBES: Top Value Fund: Bank of America and AIG Too Cheap to Ignore
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Among the biggest buyers were Whitney Tilson of T2 Partners Management, Bill Nygren of Oakmark Select and David Tepper of Appaloosa Management, according to datarama.
FORBES: Connect
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That excludes institutional-only funds and those that are closed to new investors, like the excellent Oakmark Select (12% a year since March 2000 and 17% a year since 1997).
FORBES: Bear Market Winners