St. Louis investment fund posts best return over last 12 months

St. Louis-based Towle Deep Value Fund posted the best return of any U.S. fund for the 12 months ended March 31, according to The Wall Street Journal.

Its 48.55 percent return was more than 6 percentage points better than its nearest competitor, making it the champion of the Journal’s first quarterly Winners’ Contest of 2017.

Christopher Towle at Towle & Co. said he doesn’t really want the attention, noting that he and his colleagues are “much more interested” in the fund’s five-year returns that the 12-month return, and that they’re reluctant to draw more attention from investors interested in short-term results.

The contest tracks all actively managed funds with at least $50 million in assets and a track record of more than three years.

Read more: St. Louis Business Journal

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