MarkertWatch’s Mutual Fund Manager of the Year is a Buffett follower:
Deysher, manager of Pinnacle Value Fund, trolls the same ponds where Buffett is fishing, but he focuses on shares of small-cap and microcap companies with the cheap valuations and solid business characteristics that hook bargain-hunters.
And so no one misses the connection, Pinnacle Value’s Web site links to Berkshire Hathaway Inc.’s Internet home page and Buffett’s folksy-but-frank shareholder letters.
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Deysher’s eye for the little details has kept Pinnacle Value at the top of its small-cap value category most of the time since its April 2003 launch. That made a big difference in 2008, when the average small-cap value fund tumbled 32%. Pinnacle lost ground last year too, but its 16.9% decline left shareholders — including Deysher — with almost twice as much money in their accounts as they would have had in many rival funds.
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