All research and portfolio management is done by Axa Rosenberg using exactly the same methods as it does for its institutional accounts.

FORBES: 2004 Mutual Fund Survey

Axa Rosenberg's database evaluates each individual analyst's past forecasts and puts the most emphasis on those who have been the most accurate.

FORBES

Besides slicing and dicing business segment information, Axa Rosenberg's model looks at each company's overall balance sheet, cash flow from operations and net income.

FORBES: 2004 Mutual Fund Survey

Axa Rosenberg's model involves thousands of multivariate regression calculations, but it all boils down to the same thing that old-fashioned value investors are looking for: an estimate of fair value, which is then compared with current stock prices.

FORBES: Revenge of The Nerds