The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Morningstar's Email Routing List Email & Route  Print Print
Monday, December 05, 2011

Morningstar's "Winners" are Losing

News summary by MFWire's editors

Five out of eight winners of the prestigious Morningstar’s manager of the year awards have been suffering slumps since early last year, reports Mark Jewell of the Associated Press. Only one among the awardees currently deserves any type of accolades.

The awards do not intend to dictate the fund equivalent of a “buy” rating for a stock, says Morningstar’s research director Russel Kinnel. He also emphasized that the fund manager’s prior performances are also considered in dispensing the honors.

Out of the five Morningstar winners, Bruce Berkowitz of the Fairholme Fund [see profile] has the steepest drop off of 29 percent this year, which is the worst among Fairholme’s large-value stock category. Following him is Michael Hasentab of Templeton Global Bond [see profile], which placed in the bottom three percent in the world bond category with a 2.4 percent loss this year.

Next is Brent Lynn of Janus Overseas Fund [see profile] suffering a loss of roughly 29 percent this year, which made a part of the bottom three percent of the foreign large growth category. Bill Gross of the Pimco Total Return Fund [see profile] has experienced his lowest gaining year, with only a two percent gain this year. Oakmark International Fund’s [see profile] David Herro suffered a 13 percent drop in this year’s gain, bringing it down to the bottom 25 precent when it finished as the second leading fund in its category last year.

Only Sequoia Fund has been doing well and has been included in the top 1 percent among the large-growth funds with a 12 percent return this year. 

Edited by: Hung Tran

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use