While double digit returns are at the top of every fund executive's Christmas wish list, a more realistic gift option might be found at the local toy store. The real estate industry may have Monopoly, but the fund industry has Mutual Mania and Mutual Fundz, board games that offer executives and investors a sorely needed escape from the harsh realities of the bear market.

Any game that brings the office into fund executives' living rooms might not seem like the best gift this year, but at a time when single-digit returns are something to cheer about, a game that offers a shot at redemption may be just the thing. And for investors who suffered steep losses, the games offer an opportunity to play armchair fund manager.

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