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Five thousand miles (8,000 kilometers) is nothing for a Baillie Gifford & Co. partner and fund manager. His American Fund has outperformed at least 97 percent of competitors over the past five years and most intervals in between.Slater eschews Wall Street numerology and buys companies he thinks have the best odds of expanding in the long term.Slater's $2.5 billion American Fund is up 21 percent in the past 12 months, compared with a 1.5 percent gain in the S&P 500 Index, data compiled by Bloomberg show. The fund has returned 30 percent in the past three years, beating just about everyone.AmazonAmazon, the fund's biggest position, is up a lot more than that, more than quadrupling in value over the past five years.About 3.8 percent of the American Fund is invested in the stock, data compiled by Bloomberg show.
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