After what they've been through the past three years, fund investors aren't exactly clamoring for new equity funds. Cooked books haven't helped, either.

Do these trials and tribulations spell doom for equity mutual funds? No, they spell opportunity for some enterprising fund managers. And as one sees it, turnaround is fair play.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.