Actively Managed Funds Up 15.82%, Beating S&P by Five Percentage Points

After suffering stunning defeats across the board in 2008, equity fund portfolio managers are proving their worth so far this year, with the average actively managed fund beating the S&P 500 by 4.85 percentage points, The Boston Globe reports. The average equity fund rose 15.82% through July, whereas the S&P 500 returned 10.97% over the same period.

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