MarketWatch recently profiled five promising mutual fund managers who have been at their jobs for roughly one year.

The five managers, who were assessed on their first-year performance on the job, based on Morningstar data, had little or no prior experience managing a fund. "I'm more interested in a new fund manager's background and the firm's past record of bringing people on board than I am in the return they produce," said Russel Kinnel, Morningstar's director of mutual fund research.

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