David J. Winters

David J. Winters (born 1962) is a deep value investor and fund manager in Maine.

Biography

David joined Mutual Series in 1987, during Max Heine's tenure. Heine died the next year, so David was mentored in value investing by Michael Price. A component of methodology is not to just buy at a discount, but to "help management unlock that potential value as an active investor".[1] He also looks for value where others don't want to look and is willing to go the extra mile in finding ways to invest money.[2]

He was named Director of Research of Mutual Series in 2000 and President and CIO in 2001. During his time with Franklin Mutual Advisors, he was also the portfolio manager of the Mutual Discovery Fund from February 2000 to May 2005.[3]

After leaving Mutual Series in 2005, David formed Wintergreen Advisers and the Wintergreen Fund in Maine, United States.[3] The companies are named after the official state herb of Maine, the wintergreen. He was encouraged by others to open a less-regulated hedge fund, but opted to run a comparatively strictly regulated mutual fund.[4]

As of October 2006, David is also currently a sub-advisor for the Renaissance Global Market Fund, operated by CIBC Asset Management.[5] In December 2006, Winters was selected as one of four participants in the tenth annual global investing round table hosted by the International Herald Tribune.[6]

In 2019 Wintergreen Fund liquidated after several years of slow performance.[7]

Personal

Winters enjoys trains and railroads, from toy train sets to riding real trains, and has since he was young.[8] He also idolized value investor and future employer Max Heine during his younger years, keeping a news article about him taped to his dorm room ceiling in college.[9]

References
  1. CNN Money September 1, 2004.
  2. Guru Focus The ABCs of Global Value Investing. January 30, 2006.
  3. Wintergreen Fund Archived 2008-01-02 at the Wayback Machine David Winters Bio page
  4. Business Week Against the Grain Investing. December 12, 2005.
  5. Talvest Global Markets Fund information.
  6. International Herald Tribune December 8, 2006.
  7. Strauss, Lawrence (April 23, 2019). "Famed Value Investor David Winters Is Shutting Down His Wintergreen Fund". Barron's.
  8. Brill.com Archived 2007-02-10 at the Wayback Machine Reprint. Retrieved April 20, 2007.
  9. Kiplinger.com Interview. April 11, 2006.
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