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Twice The Fund

The Strong Schafer Value Fund combines equal parts of growth and value.

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This story appears in the July 1998 issue of Entrepreneur. Subscribe »

If you're looking for a growth fund whose portfolio manager is a bargain hunter, then you'd probably be interested in a fund that offers growth and value. The Strong Schafer Value Fund provides both.

The fund's portfolio manager, David K. Schafer, has been stock shopping for decades. As an analyst in the early 1970s, he followed growth stocks. But after the market hit the skids in 1973 and '74, and growth stock prices fell dramatically during a bear market in which many stocks lost 50 percent or more of their value, Schafer changed his strategy.

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