Deep Dive: Manager of $8.6 billion international fund makes bets that take guts

Harry W. Hartford doesn’t shy away from buying shares of companies that are in turmoil if he thinks they’ll come out the other end making money for his Causeway International Value Fund.

CIVVX, -2.26% The mutual fund CIVVX, -2.26% which has $8.6 billion in assets, has as its top holding Volkswagen AG, the German car company still mired in the so-called dieselgate scandal. The No. 2 holding is London-based cigarette maker British American Tobacco PLC. And another company he favors, Japan’s Takeda Pharmaceutical Co., is “going through a significant restructuring” under a new management team, he said in an interview Feb.

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