Economics
Leverenz Wields $25 Billion in Emerging Stocks With Top Fund
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Justin Leverenz, who runs the $25 billion Oppenheimer Developing Markets Fund, is beating 97 percent of his peers by ignoring the economy.
The 43-year-old money manager has been buying shares of Yandex NV, Ctrip.com International Ltd. and Colgate-Palmolive India Ltd., companies he says face little competition and serve growing markets that are insulated from fluctuations in gross domestic product.