Value Investing News

The Sequoia Fund (SEQUX) has been receiving a lot of good attention after its stellar performance in 2011. The fund returned 13% versus the S&P’s flat performance ranking it in the top 1% of the fund’s category. To my surprise, the fund’s team did not win Morningstar’s Domestic Fund Manager of the Year for 2011. According to Morningstar, the fund may be closing to certain investors.

• http://www.valueinvestinghq.com/581/sequoia-closing-to-some-investors/ (92)