FYI: Jonathan Bloom was running an antique map and art gallery in New York when a client remarked that his knack for scouring auctions and estates for valuable lithographs, maps, and other rare finds was a lot like value investing. He gave Bloom two books on the topic, Seth Klarman’s Margin of Safety and Bruce Greenwald’s Value Investing guide.
The exchange inspired Bloom to apply to Columbia Business School and its lauded value-investing program, and eventually led to an internship in Milwaukee. “When I graduated in May of 2009, the demand for art dealers turned investment managers was slim, to say the least,” he says of his decision to move to the Midwest.
A decade later, Bloom has deep roots in Milwaukee—his in-laws have even relocated there—and he plans to spend the rest of his career at Fiduciary Management, a 28-employee, $22 billion firm that focuses on high-conviction value investing.
“You could tell value investing was in his blood,” says Pat English, the firm’s chief executive and chief investment officer. English hired Bloom as an analyst in 2010, promoting him to director of international research in 2015 and director of firmwide research in 2017. The duo now co-manage the $4.9 billion FMI Large Cap fund (ticker: FMIHX).
Regards,
Ted
https://www.barrons.com/articles/mutual-fund-berkshire-hathaway-stock-dollar-tree-51566340835?mod=djem_b_Weekly Feed for Barrons MagazineM* Snapshot FMIHX:
https://www.morningstar.com/funds/xnas/fmihx/quoteLipper Snapshot FMHIX:
https://www.marketwatch.com/investing/fund/fmihxFMIHX Is Ranked #88 In The (LCB) Fund Category By U.S. ews & World Report:
https://money.usnews.com/funds/mutual-funds/large-blend/fmi-large-cap-fund/fmihx
