It's a good week for Tom Forester
. On Monday the Wall Street Journal
cited Forester's $60 million Forester Value Fund
as the only diversified U.S. stock fund, out of a universe of 1,700, to make a positive return in 2008 (see MFWire, 1/5/2009
), and now the WSJ's Brett Arends is giving Forester more ink
For fundsters interested in the portfolio management part of the business, the piece in Wednesday's WSJ provides a glimpse at how Forester manages to return 0.4 percent in a year when the S&P 500 index fell about 38 percent. The answers appear to involve cash (he held up to 30 percent), ignoring benchmarks (he avoided holding financials) and staying a bit aloof from the boom (he lagged the market in 2005-2007).
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