According to research by McLean, Va. financial planner Barry Glassman, funds with a manager's name in the title "sir-named funds," he calls them have been gaining in popularity and for good reason, Money magazine reports.
Glassman found that of the 500 largest equity funds, the names of 16 include the portfolio managers name. All but one of these 16 "sir-named" funds beat the S&P 500 over the past three years vs. less than half of the largest 500 funds.
The success didnt seem to be a bear-market phenomenon either. Fourteen of 16 sir-named funds surpassed the index over the past five years, and 10 of the 11 that have been around for a decade beat the S&P during that period.
Donald Yacktmans Yacktman Fund was down 17% in 1999, underperforming the S&P by a remarkable 38 percentage points. But then it turned around and soared to the top of its peer group.