As investors sought a refuge from inflation in August amid concern about Federal Reserve efforts to prop up the U.S. economy, David Brownlee was buying the securities most vulnerable to rising consumer prices. Brownlee, who helps oversee $29 billion at Sentinel Asset Management, bought 30-year Treasuries, proved prescient as the Fed’s third round of monetary stimulus failed to ignite inflation. The government’s longest-maturity bonds gained 6.42 percent, compared with 1.37 percent for Treasury Inflation Protected Securities, since the central bank said Sept. 13 that it would buy $40 billion a month in mortgage bonds. (full story)