STEVEN LEUTHOLD: THE CONTRARIAN’S CONTRARIAN

July 11, 2014

Contrarian money manager Steven Leuthold called it quits from the tightly regulated mutual fund business a couple of years ago. He wanted to escape from the rules, the pressures of managing billions and grueling publishing deadlines. Last year he launched Leuthold Strategies, a small private investment partnership. He’s investing in businesses that many investors consider to be toxic, including uranium mining and Chinese water and pharmaceutical companies. He’ll explain his unusual choices.

WEALTHTRACK Episode #1103; Originally Broadcast on July 11, 2014

Listen to the audio only version here:
Steven Leuthold

Explore This Episode

We have compiled additional information and content related to this episode. Select a tab from the box below for more.

STEVE LEUTHOLD

Founder, Leuthold Strategies

Consuelo Mack

Look at just about any market’s performance anywhere around the world since the financial crisis and the U.S. market will come out at or near the top. It’s been a great time to be invested in America.

Where would you prefer not to have invested over the last five years?

One place is China, which has vastly underperformed the U.S. market.  If you take it down a level to industry sectors of the market, one area you would not have touched with a ten-foot pole is uranium.  Stocks of uranium companies have plummeted while the market has rallied.

Why on earth would I choose to highlight China and uranium?  That’s a question I will ask this week’s guest, Steven Leuthold, because those are two areas where he is investing.

Leuthold, who has been called a contrarian’s contrarian comes by his independent streak naturally. He hails from Minnesota, what he refers to as the North Country.  Indeed for three plus decades he published his monthly View from the North Country report for institutional clients.

He also founded and ran a leading independent institutional research firm, The Leuthold Group which was known for its quantitative research and asset allocation. He started an investment management arm there, creating seven mutual funds under the Leuthold name and overseeing $5 billion in assets under management at its peak.

Then a couple of years ago he decided to call it quits from the tightly regulated mutual fund business, although he remains a major shareholder at his old firm. He also wanted to escape from the pressures of managing billions and his grueling publishing deadlines. Last year he launched Leuthold Strategies, a small private investment partnership geared to high-net-worth individuals and requiring a minimum investment of $500,000. With a little under $100 million under management now, Leuthold plans to cap it at half a billion.

Although most of us can’t invest with him, Leuthold is worth listening to.

In this week’s WEALTHTRACK, we’ll hear what he is doing differently at Leuthold Strategies

Enjoy your summer weekend and make the week ahead a profitable and a productive one!

Best regards,

 

Consuelo Mathews Asia

OWN SOMETHING YOU ARE UNCOMFORTABLE WITH, WITHIN REASON!

– LEUTHOLD RECOMMENDS SPDR GOLD SHARES (GLD)

GLD Chart

GLD data by YCharts

No Bookshelf titles this week.
LEUTHOLD: BALANCED COMMODITIES GreenHaven Continuous Commodity Index (GCC) Price: $27.58 on 7/7 52-week range: $25.09 – $30.14 GCC Chart

GCC data by YCharts

Beijing Enterprises Water Group Limited — Hong Kong Stock Exchange

Sound Global Ltd. — Hong Kong Stock Exchange

Fidelity China Region (FHKCX)

GreenHaven Continuous Commodity Index Fund (GCC)

GCC Chart

GCC data by YCharts

Cameco Corp (CCJ)

CCJ Chart

CCJ data by YCharts

Delta Airlines (DAL)

DAL Chart

DAL data by YCharts

American Airlines (AAL)

AAL Chart

AAL data by YCharts

Southwest Airlines (LUV)

LUV Chart

LUV data by YCharts

SPDR Gold Shares (GLD)

GLD Chart

GLD data by YCharts

AREVA ADR (ARVCY)

ARVCY Chart

ARVCY data by YCharts

Rio Tinto Ltd (RIO)

RIO Chart

RIO data by YCharts

BHP Billiton Ltd ADR (BHP)

BHP Chart

BHP data by YCharts

Mathews China (MCHFX)

PREMIUM subscribers have access to this transcript here.

You can also purchase and download this transcript safely and securely with your credit card or PayPal account for $4.99. You will need the free Adobe Acrobat Reader (Mac/Win) or Preview (Mac) to view and print the transcript.

May 15, 2009 Three top notch portfolio managers discuss their distinctly different views and management styles. Mark Headley lives and breathes investments in Asia as Chairman of the Matthews Asia Funds. Steve Leuthold relies on his quantitative models to find values at the Leuthold Funds, and Steve Romick can go short and long in his go-anywhere FPA Crescent Fund.

March 14, 2008 Two top investment pros who follow very different disciplines are looking outside of the U.S. to find some of their best investment opportunities. Peter Stamos is Chairman of a $5 billion private investment firm that invests like Harvard and Yale. Steve Leuthold is a veteran equities strategist and portfolio manager who follows proven quantitative models.

MUTUAL FUND EXIT

A couple of years ago Great Investor Steven Leuthold had $5 billion dollars under management and was overseeing 7 mutual funds at his old firm, The Leuthold Group, plus publishing a lengthy newsletter, View From the North Country every month. Then he decided to call it quits from the mutual fund business and launch a small private investment partnership, Leuthold Strategies, LLC. We asked him why.


Tagged with:

Back to Top