At the moment, John Paulson is taking it on the chin in his main Advantage fund.
Morgan Growth Advantage fund sold 125, 800 shares, wiping out its position in the company.
Professional management is the other key advantage fund firms tout for their products.
Economies of scale in banking are not an advantage in fund management.
But Mr. Paulson's cold streak has continued, with the Advantage Plus fund down more than 16% this year through June, according to an investor.
By avoiding the high fees of an actively managed fund, investors who buy a diversified portfolio of individual stocks are getting much of the same low cost advantage as index fund investors.
FORBES: Active v. Passive Management: How to Get the Best of Both Worlds
The other kind of tax advantage in a fund is net unrealized depreciation.
There will probably be a law against such shenanigans as putting money in a donor-advised fund to take advantage of more liberal deductions than are allowed for private foundations and then having the fund feed your private foundation.
At the beginning of last year, Mr. Pellegrini invested in Paulson Advantage Plus, the fund that has stumbled badly.
Market timing is the rapid trading of mutual-fund shares in order to take advantage of the gap between the price of a fund, which is set once a day, and the continuous changes in the value of the underlying portfolio of securities.
The advantage is with the bigger fund providers, who have the clout to push this new vehicle.
Mr. Tjornehoj said the low expense ratio was another advantage for Vanguard's fund.
WSJ: Vanguard Bond Index Fund Beats Stars Bill Gross, Dan Fuss
Incumbents still enjoy a huge fund-raising advantage, and very rich candidates who can pay for their own campaigns enjoy an even bigger one.
Mr Obama is capitalising not only on his huge fund-raising advantage over Mr McCain but also on his rival's problems with his base.
Historically, incumbent Presidents have enjoyed a strong fund-raising advantage.
But they also may not want a strong bill that would overly benefit the Democrats, and neither may some Democrats who would hate to lose their fund-raising advantage in the financial sector.
Fixed-income fund investors are seeking any advantage they can find in this low interest rate environment.
When it comes to picking stocks, the average fund manager does have an advantage over the ordinary investor.
They claimed Raj Rajaratnam, founder of hedge fund Galleon Group, took advantage of friends and employees to illegally make millions of dollars.
Because momentum drives the investment mandate for the ETF, the fund is designed to take advantage of stronger economies, markets and companies.
FORBES: Three Ways To Invest In Emerging Markets Beyond BRIC
Falcone only started the fund last year to take advantage of companies already in default, under bankruptcy protection or appear on their way down that path.
As an example, when the market turned lower in 2008, the fund had cash to take advantage of buying opportunities while others were still liquidating, Denbow said.
FORBES: USAGX's Denbow Looks For Gold Stocks 'That Will Survive In Most Markets'
In addition, the longer you hold an all index fund portfolio, the greater your advantage.
Our initial indications show that an all index fund portfolio may hold a greater advantage than previous research indicates.
Michael Hayman, from Seven Hills Communication Group - which is behind the campaign, said the fund had been "a particular advantage point" for east Kent with the area having been "one of the best-kept secrets".
Why not take advantage of all the information available on how mutual fund managers are investing money?
The fund offers investors a way to take advantage of the relative strength of emerging and developed Asian markets without taking on the risk associated with most emerging market funds.
Meanwhile, Wells Fargo Advantage Growth (SGROX), a large cap growth fund has gained 12% this year after advancing 26% last year.
In an interview with The Boston Globe, Clinton said what drove the Democrats' aggressive fund-raising was the Republicans' historic advantage at raising money.
One of the approach is to structure an upcoming credit fund as a business development company to take advantage of the exception granted to such companies in the Volcker Rule.
FORBES: Goldman Takes A Creative Compliance Approach To Volcker Rule
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