But Fidelity, the second-largest manager of mutual funds behind Vanguard, has been late to venture into ETFs.
Though Guy is the lead manager of the funds, it is by no means a one-man show.
The drawback: The fund of funds investor pays fees to the fund of fund manager and to the managers of the underlying funds.
Disclosure: Mr. Wisdom is co-manager of two public mutual funds and approximately 700 individual client accounts.
Portfolio Manager David Fingold of Dynamic Funds likes the direction of Dresser-Rand Group, up 20% through November 2010.
Francis Chou, fund manager of Chou America Mutual Funds, has for the fourth time since October reduced his stake in Overstock.com ( OSTK).
"Treasurys are naked interest-rate risk, " says Joanna Bewick, lead manager of Fidelity Investments' Strategic Funds.
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As adviser to its own proprietary mutual funds and manager of individual client accounts, AFAM may purchase, sell or hold positions in the securities that appear in this presentation.
FORBES: The Prudent Speculator's 2013 Market Outlook and Favorite Stocks
As advisor to its own proprietary mutual funds and manager of individual client accounts, AFAM may purchase, sell or hold positions in the securities that appear in this presentation.
Currency-only hedge funds made a 6% loss in 2011 and a gain of just 0.8% in 2012, according to a benchmark index run by fund-of-funds manager Parker Global Strategies LLC.
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As head of the large institutional money manager, she succeeded in the orderly world of index funds, which aim to control risk and take the guesswork out of investing.
He is also the manager of a family of three mutual funds, the Monterey Murphy New World Funds: Technology, Core Technology and Biotechnology.
Tilton also gets fee income as collateral manager of Patriarch's and other funds and, to the extent she holds equity, from proceeds of company sales.
"I see a pickup of interest, increased interest from family offices and fund of funds, " says Harvey Sawikin, founder and portfolio manager of Firebird Management, a New York-based fund that focuses on Eastern Europe.
John Wheeler, senior manager of equity trading at American Century mutual funds, figures the current system imposes a 0.5% trading cost (one-way) on big orders, between commissions, spreads and the impact such orders themselves have on prices.
So, if the fraud were undetectable, is the manager free of liability for the loss of client funds?
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The Virtus multi-manager platform is not unique but performance of its funds and standout sales team is what sets it apart from the competition, according to financial advisors who use the funds for their clients.
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Manager Wallace Weitz is a star achiever, and another of his funds, Weitz Partners Value, joins the roster for a second year.
Joshua Duitz, a fund manager at the Alpine funds in Purchase, NY thinks part of the solution is for the US to pass infrastructure-friendly legislation, like a new highway bill, that would create public-private partnerships allowing for privatization of American roadways and bridges in need of serious upgrades.
Macro strategy funds made up nearly 35% of all single manager launches in both the second and third quarter, HFR reports.
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U.S. and other public pension funds often steer clear of investing with any asset manager that is under the cloud of an investigation.
Making it more challenging for TPG, "there has been a steady decline in investors who will invest in first-time" real-estate funds, said Andrew Moylan, Preqin's manager of real-estate data.
Thus, consultants often seek to enhance their influence with funds through a variety of devices such as limiting manager access to fund boards and selective disclosure of information regarding managers to boards.
FORBES: Compelling Pension Consultant Disclosure (June 1, 2002 )
These are funds as to which the manager gets paid a hefty 20% of the profits for managing the assets in a non-traditional manner, i.e.
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Christopher Davis, an analyst at Morningstar, says that the biggest advantage of actively managed funds is the expertise behind them: A professional manager can judge when a company is financially solid enough to maintain, or even raise, its current dividend, and it might be tough for casual investors to make that call.
WSJ: Investors Buying Dividend Stocks for Income Are Taking On a Lot of Risk.
Failaka Advisors, a tracker of Islamic funds that has an office in Chicago, says the portfolio manager also should ensure that his stock picks satisfy various financial ratios.
To find the best, we looked for funds with long manager tenures that have outperformed their peer groups in each of four distinct trailing periods--ten years, five years, three years and one year.
Owen, a money manager, hedge fund investor and the author of The Prudent Investor's Guide to Hedge Funds (Wiley, 2000), attributes a large part of the problem to the cult of relative performance.
One hedge fund manager who asked not to be named says several of his colleagues have moved their personal assets into these funds.
But he does cite a poignant case of an anonymous San Francisco hedge-fund manager who had gone short on Sanchez Computer when other funds were going long.
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