Heebner at Bottom for Fourth Year in Five Sticks to Bet

Kenneth Heebner ranked as America’s No. 1 stock picker before losing his touch and most of his main fund’s assets. The 71-year-old manager, at the bottom of his peer group for the fourth year in five, hasn’t lost his swagger.

Heebner, whose CGM Focus Fund topped all diversified U.S. stock mutual funds in the decade through 2007, lost an annual average of 6.3 percent in the five years through June 26, trailing 96 percent of the same group, according to data compiled by Bloomberg. CGM Focus has been in the bottom 6 percent of the large-cap growth category every year since 2008, with the exception of 2010, when it beat 66 percent of peers.