Back in 1993 a Morningstar analyst made the observation that “Sound Shore Fund cultivates the market’s wallflowers. This fund is something of a flea market shopper, searching for value that is not reflected in a security’s price.”
The value-oriented management and investment philosophy remain strikingly similar to when the review was written, when the fund was already eight years old. The original managers, T. Gibbs Kane Jr. and Harry Burn III, still actively participate in day-to-day investment and management decisions. In 2006, John DeGulis, who had been with the firm a decade, made the management duo a trio.