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Fund Spy: Morningstar Medalist Edition

Artisan's Stellar Managers Earn Plenty of Medals

A closer look at the firm's investment teams.

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Artisan Partners has thrived in recent years. Seven of its 14 funds now have 10-year records. Of those, five surpassed more than 80% of their peers for the decade ending March 18, 2014, and the other two land in their categories' top halves. Investors have responded accordingly: Artisan's funds have taken in a net $11 billion since the start of 2012, when the lineup had a combined $30 billion in assets. At the end of February 2014, combined with market appreciation, those flows have pushed Artisan's fund assets to $61 billion

How has Artisan succeeded? First, by hiring investors who, by and large, already owned proven track records. The firm also has given them freedom to live where they want, build teams as they see fit, and close funds before they grow too large. Indeed, the firm's six investment teams (including the one for just-launched Artisan High Income) are spread around the U.S.--Milwaukee, San Francisco, Atlanta, New York, and Kansas City--and several analysts are based in London. The teams range in size from just a few members to more than 20. And seven of the firm's funds are closed to new investors.

Greg Carlson has a position in the following securities mentioned above: OAKIX. Find out about Morningstar’s editorial policies.