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This mutual fund has jumped 40% this year with a value strategy. Here’s how its manager picks stocks

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People walk along Wall Street in the financial district of Manhattan on September 29, 2021 in New York City.

Spencer Platt | Getty Images

Bill Smead could hardly have picked a scarier time to strike out on his own.

U.S. Covid cases fall to less than half of peak delta levels as country approaches holiday season

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