Michael van Biema mixes hidden ‘Wizard of Oz’ with apprentice deep-value managers to generate strong returns and long-lasting funds
By Claire Makin
|Michael van Biema|
A former professor of finance at Columbia Business School, van Biema put theory into practice in 2004 when he launched van Biema Value Partners, which invests with small and undiscovered ‘deep value’ managers in funds with typically less than $200 million in assets.
His aim was to gain exposure to two powerful sources of potential