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A fund manager who's outshining 95% of his peers unpacks the secret weapons behind his top 2 tech stocks a?? and explains why he almost never invests in hot IPOs

A fund manager who's outshining 95% of his peers unpacks the secret weapons behind his top 2 tech stocks a?? and explains why he almost never invests in hot IPOs
AP Photo/Richard Drew



The $245 million William Blair Large Cap Growth Fund managed by Jim Golan has outperformed 95% of its counterparts on a three-year basis and beaten the S&P 500 since 2005.




In an exclusive interview with Business Insider, he shed light on two tech stocks that embody his long-term-investing process, and explained why he stays away from hot IPO stocks.




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For fund manager Jim Golan, picking the right stocks begins with picking the right industries.
He starts out by searching for industries where profits are growing at least as quickly as the overall the economy, and preferably at a faster pace. Only after this is complete does he dig into specific companies, with an eye for those best-positioned to deliver returns that help him beat the market.
His approach is the reverse of what some other stock pickers do, which is start by filtering a large universe of stocks based on a set criteria of fundamentals, then research the industry. But his process has placed the $245 million William Blair Large Cap Growth Fund in the 95th percentile of its peers on a three-year basis, according to Bloomberg data. The fund has outperformed both the S&P 500 and its Russell 1000 growth benchmark since Golan took the reins in 2005.
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