The study, which covers the period from the end of March 2000 to the end of March 2001, looks at the performance of funds with at least $100 million in assets. During the 12-month period covered, the Nasdaq fell nearly 60 percent, the S&P 500 dropped almost 22 percent, and most domestic stock funds lost money, according to
While funds managed by both the less experienced and more experienced stock pickers lost less than the S&P 500 on average, funds managed by less experienced managers lost more than the average domestic stock fund, according to
'Though a resurgence in value funds during this 12-month time period helped experienced managers look good because many tenured fund managers lean toward the value end of the spectrum, funds with seasoned hands tended to do well in all respective categories,' said Daniel Culloton, managing editor of the
are the same, so it's hard to tell how the funds that have held up well during this rough spot will fare the next time.'