Detail Should You Trust a Fallen Star?   Oleh:  Medintz, Scott Jenis: Article from Bulletin/Magazine Dalam koleksi: Fortune vol. 164 no. 3 (Aug. 2011), page 23-24. Topik: Investment Expert; Mutual Funds; Stock Fund Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: FF16.46 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel Investment experts always counsel against putting money into mutual funds on a run of smoking-hot performance. A long-term record is the real test. But what to make of enduring stars whose results have fallen to earth? Is it a sign they've lost their golden touch -- or just a lull before another blistering streak? A number of revered managers have experienced setbacks in recent years. The prime example is Bill Miller, the Legg Mason Value Trust (LMVTX) manager who famously beat the market 15 years running before trailing it three years in a row. Miller's reversal included a spectacular flameout in 2008 when a giant bet on financial stocks caused his fund to lose 55%, or 18 percentage points worse than the S&P 500 (SPX). Ken Heebner's story is a close rival: After his CGM Focus Fund (CGMFX) racked up astounding average annual returns of 32% from 2000 through 2007 -- this magazine hailed him as "America's hottest investor" -- the fund landed in the bottom 4% of domestic stock funds in 2008, 2009, and again so far this ear. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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