Janus’ Risk-Managed Stock Fund (MFMN 3/4/03), the Columbia Thermostat Fund (MFMN 3/7/03) and Fidelity’s temporary elimination of the Contrafund front-end load, are three of the latest examples of the fund industry’s attempt to lure back disenchanted investors, Reuters reported. And while the industry has resisted changing or even firing managers (MFMN 2/10/03), Neuberger Berman recently fired its growth managers and replaced them with a team from Northern Trust.

Last year was the first time since the crash of 1987 that investors pulled more money, $27 billion, from stock funds than they added – and the fund industry isn’t taking it sitting down.

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