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ClearBridge Select Fund Thrives By Betting On Disruption: (LCLAX)
FYI: The great irony of the money-management industry is that while managers always claim to understand what makes a great, investible business, few have actually run a company. Most are M.B.As or chartered financial analysts—CFAs—who’ve studied businesses in the abstract, via textbooks. They understand the numbers, but have no in-the-dirt experience. Some who’ve tried to run a business—see hedge fund manager Eddie Lampert at Sears—have failed miserably because of a myopic by-the-numbers approach.
Aram Green is not one of those managers. The 42-year-old steward of ClearBridge Select (ticker: LCLAX) got his start as an entrepreneur. In 1997, when he was a 20-year-old economics student at Union College in Schenectady, N.Y., he created iCollege, a database and search engine for prospective students. It went through rounds of venture capital and a merger before ultimately being sold to a company called Blackboard in 2000. Regards, Ted https://www.barrons.com/articles/mutual-fund-clearbridge-select-51555020045?mod=hp_DAY_4
