The boomerang effect of the financial crisis and eye-popping oil prices are proving more difficult than even the most skilled mutual fund managers can handle, the Chicago Tribune reports.
Among the stars whose funds performance is faltering this year is Bill Miller of the Legg Mason Value Fund, Martin Whitman of Third Avenue Value, David Dreman of DWS Dreman High Return, Wally Weitz of Weitz Value, Mason Hawkins and Staley Case of
While they soared in the past 15 years, all of these managers are performing in the abysmal bottom quartile of their peers so far this year.
Talk about a fall from grace, said Russel Kinnel, director of mutual fund research at
