CEOs meet irrelevant for this fund manager who invests in 'hated' stocks

The biggest holdings are MTU Aero Engines AG, Taiwan Semiconductor Manufacturing Co, and General Motors Co, which the fund bought 3-4 months ago

Reading brokerage research and meeting chief executive officers are a waste of time for this fund manager.

Both are unlikely to provide any useful information to beat the market, according to Kurt Kara, head of value equities at Copenhagen-based Maj Invest.

“The best research is the one you generate internally,” Kara said in a phone interview. “We want to create our own mindset, logic and reasoning.”

For the Maj Invest Value Aktier fund, that philosophy has paid off in a 16 percent return on average in the past five years. That’s better than 95 percent of its peers, according to data compiled by