Otis "Mason" Hawkins is an American value investor and the founder, chairman, and former chief executive officer of Southeastern Asset Management, Inc.[1] In 1975, Hawkins founded Southeastern Asset Management, a $35 billion employee-owned, global investment management firm and the investment advisor to the Longleaf Partners Funds, a suite of mutual funds and UCITS funds.[2][3][4]
In 1975, Hawkins founded Southeastern Asset Management and later launched the Longleaf Partners Funds, a suite of mutual funds and UCITS funds, in 1987.[4][7]
Investment strategy
Hawkins is a value investor. When considering prospective investments, he looks for three criteria: strong businesses with good people, at deeply discounted prices.[2]
Hawkins invests in businesses with solid balance sheets. He looks for businesses that trade at far below intrinsic value and have a capable management team, which are important factors for long-term success. His firm, Southeastern Asset Management, has concentrated portfolios with 18-22 stocks usually.[3][8][9]
Awards
Hawkins received Institutional Investor (magazine)’s Lifetime Achievement Award in 2005.[10] He and Southeastern Asset Management President and Chief Investment Officer Staley Cates were also named Morningstar, Inc. Domestic Equity Fund Managers of the Year in 2006 and were nominees for the same in 2003 and 2009.[11] Hawkins’s firm, Southeastern Asset Management, was selected as Equity Manager of the Year at the Foundation and Endowment Money Management’s Nonprofit Awards for Excellence in 2007.[12]
Southeastern Asset Management's investment approach and Hawkins as its leader were featured in Chapter 10 of Yale endowment Chief Investment Officer David Swensen’s book Unconventional Success.[11]