Cinnamond Tops Bill Gross in Lone Victory for Stocks Over Bonds

From Bloomberg

Eric Cinnamond is the only diversified stock manager to beat Bill Gross’s Pimco Total Return Fund, the world’s biggest fixed-income fund.

Cinnamond said the fund excelled in 2008 because it had a cash hoard and a number of companies able to weather the economic and market slump, such as Chicago-based Oil-Dri, the world’s leading maker of cat litter.....It’s a perfect example of what we like,” he said. “It has a good balance sheet, good cash flow and it is predictable.”