Keith D. Trauner - GoodHaven Capital Management, LLC
Keith Trauner co-founded GoodHaven Capital Management in late 2010 and currently serves as a Managing Partner and Co-Portfolio Manager along with Larry Pitkowsky. GoodHaven is a registered investment advisor that provides investment management services to separate accounts and the firm’s affiliated GoodHaven Fund, a public, no-load mutual fund (GOODX). Prior to forming GoodHaven, Keith was a consultant to Fairholme Capital Management for approximately two years and from 1999 through late 2008, he held a variety of roles at Fairholme, including Senior Analyst and Portfolio Manager, Chief Financial Officer and Chief Compliance Officer. In addition, for most of the period from 2002 through 2008, he was a Director, the Secretary/Treasurer, and a named Portfolio Manager of FCM’s affiliated Fairholme Fund. Keith has more than 30 years of experience in securities research and portfolio management across a wide range of companies and industries and has been in management positions at investment advisory firms for more than twenty years. back
Articles
10 Stocks Veteran Investors Buy to Start a New Fund
The Street - 03.28.12
The $130 million GoodHaven(GOODX), launched a year ago by former Fairholme Fund(FAIRX) managers Larry Pitkowsky and Keith Trauner contains the answer. These former Berkowitz acolytes' fund holds six of their favorites from when they were at Fairholme, where they were at various times analysts, fund managers and outside advisers from roughly 1999 to 2010.
GoodHaven Realizes Its Vision
Morningstar - 01.31.12
Life is rarely easy for startups, whether the business is managing money or creating the next social-networking app. Besides coming up with a compelling product or service, attracting capital is often the most difficult task. Fairholme FAIRX alums Larry Pitkowsky and Keith Trauner addressed that issue soon after they formed GoodHaven Capital Management, the advisor to GoodHaven GOODX, near the end of 2010.
Top 5 Stock Holdings Of Value Fund Goodhaven Capital
Seeking Alpha - 12.07.11
Since launching in 1999, the Fairholme fund beat the S&P 500 index by 14% annually in its first 10 year through 2009. The fund's manager, Bruce Berkowitz, was named "manager of the decade" by Morningstar. However, this has been a hard year for Berkowitz, with his flagship fund down -32.49% through September 30, 2011. In contrast, the Goodhaven fund, launched earlier this year by ex-Fairholme portfolio managers Larry Pitkowsky and Keith Trauner, has return -4.7% from inception through September 30th.
Digging Up Undervalued Stocks
Barron's - 08.13.11
Keith Trauner and Larry Pitkowsky, founders of the GoodHaven Fund, are finding stocks to buy as the market gyrates. Big on tech, including HP and Microsoft.
Seasoned Vets Run Rookie Funds
Barrons - 02.04.12
You've surely heard of Fairholme, Bruce Berkowitz's battered fund. Two unsung heroes of Fairholme's early (and impressive) history of growth, Keith Trauner and Larry Pitkowsky, left to form GoodHaven, the Miami-based fund launched last April.
Hey, Want to Try My Fund?
Wall Street Journal - 12.10.11
This year, former portfolio managers at Bruce Berkowitz's Fairholme Fund launched something called the GoodHaven Fund. In 2009, a protégé of value investor Michael Price at Mutual Series started Evermore Global Advisors. And in 2007, a team of managers and analysts who worked together at First Eagle Funds with Jean-Marie Eveillard launched International Value Advisers.
GoodHaven fund managers find safety comes cheap
MarketWatch - 10.13.11
Keith Trauner and Larry Pitkowsky know about market meltdowns after many years on Wall Street, but the former Fairholme Fund co-managers never got too worried about the stock market’s summer swoon.
Videos
Investing Pros Share Favorite Stock Picks
CNBC - 03.20.12
Discussing whether the market will continue to trade higher in 2012, and what stocks you should pick up now, with Keith Trauner, Good Haven Fund portfolio manager and Bob Froehlich, The Hartford chief investment strategist. They also share their favorite stock picks.
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GoodHaven Fund Launches
CNBC Video - 04.13.11
There's a new value fund in town but is it on the hunt for some "stressed out bargains"? Larry Pitkowsky, GoodHaven Capital Management and Keith Trauner, GoodHaven Capital Management explain their strategy
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