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October 07, 2010 at 11:11 AM
Sure, anyone can say they have a disciplined buy/sell and due diligence process, but how many times have we seen desperate managers attempt to find alpha in Mob-owned Russian auto manufacturers once the market goes south?
High turnover, style drift, risky bets; we know the behavior that can doom a fund’s performance. While identifying the worst practitioners (before damage is done) is a challenge, SmartMoney’sElizabeth Trotta clues us in on a few managers that have proven themselves—and their discipline—in good markets and bad.
No. 1: Metropolitan West Total Return Bond M
With $11 billion in assets, manager Stephen Kane boasts 11.37% year-to-date, 15.58% for the one-year and 7.80% for the five-year. With an expense ratio of 65 basis points, he proves cheaper can still be better.
No. 2: Gabelli Small Cap Growth AAA
This first of two appearances for Gabelli has assets of $1.5 billion, 11.24% return year-to-date, 13.59% for the one-year and 5.63% for the five-year. The expense ratio is more than double Met West at 1.48%, but with significantly fewer assets in the fund, your accountant will most likely thank you come tax time.
No. 3: Gabelli Asset AAA
