Barron's Interview Sound Shore Management

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The current maelstrom provides opportunity for Sound Shore Management, which hunts when everybody else has headed indoors. As an independent fund manager with a stable management team, one strategy, a low 0.92% expense ratio and no load, Sound Shore is an increasingly rare animal. Though down in the 12 months ended Sept. 30, the Sound Shore Fund (SSHFX) has outpaced the S&P 500 over just about any period measured, no small feat in the past 12 months. It's up an annualized 11.2%, 10.4% and 6.9% for the 20, 15 and 10 years ended Sept. 30, respectively, versus 10%, 8.4% and 3.1% for the S&P. Perhaps it's no surprise, then, that 60% of its clients have been with Sound Shore for 10 years or more.

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