The Savviest Stock Picker in America

Ken Heebner names the stocks that will benefit from the strongest global economy he's ever seen.

Conventional Ken Heebner isn't. One of the longest-tenured managers in the fund business, he trades frenetically, runs highly concentrated portfolios, occasionally sells short to bet on lower share prices and makes judgments based on his big-picture analysis of the global economy.

And he has delivered fabulous results -- at least to those CGM shareholders who don't bail out during the gut-wrenching dives to which his funds are susceptible. His flagship, CGM Focus (symbol CGMFX; 800-343-5678), gained an annualized 19% from its launch in September 1997 to March 1, 2007. That beat Standard & Poor's 500-stock index by an average of 13 percentage points per year. But Focus, a member of the Kiplinger 25, was twice as volatile as the index. Similarly, CGM Realty (CGMRX), the top real estate fund over the past decade, with an annualized return of 20%, has been nearly one-third more volatile than the average property fund. (CGM Capital Development, run by Heebner since 1976, is closed to new investors; he also manages CGM Mutual, a balanced fund.)

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Manuel Schiffres
Executive Editor, Kiplinger's Personal Finance