Security Fund Emerging as Long-Term Performance King

In the final hours of Legg Mason Value Trust's struggle to maintain its lengthy winning streak against the Standard & Poor's 500, a new and lesser-known portfolio manager may emerge as Wall Street's king of steadfast performance, CBS MarketWatch reports.
The horserace between Bill Miller, who manages the Legg Mason portfolio, and the S&P 500, has gained significant amounts of media coverage in recent months.
Jim Schier, who oversees the Topeka, Kan.-based Security Mid Cap Value Fund, has outperformed his Russell 2000 benchmark since he took the helm in May 1997, according to Morningstar. Schier is well on his way to his eighth successive victory against his fund's respective benchmark, while Miller may lose his fight to overtake the S&P 500 for a 14th consecutive year.
The $400 million Security Mid Cap Value fund is up 24.8% this year while the Russell 2000 index has only risen 17.4%. The next best-performing small cap fund, Wasatch Micro Cap, is unlikely to overtake the Russell index this year.