The sharp pullback in high-flying tech stocks has taken a significant bite out of the major indexes, but the rotation under the market's surface has thrust some long-quiet value funds into market leadership.
Eli Salzmann, a portfolio manager at Neuberger Berman, said the past decade was a "lonely" one for value fund managers, even for relative winners like his Large Cap Value Fund, which has dramatically outperformed its category and benchmark over the past five years. This year, Salzmann's fund is trouncing nearly everyone. Its investor class shares were up 17.8% year to date as of Monday's close, according to Morningstar, outpacing the S&P 500 by more than 16 percentage points and the category average by more than 8 percentage points. The fund's strong start to the year improved its profile with the research company, where the fund's Morningstar rating rose to 5 stars from 4 based on results through the end of February.
Pro Replying to andrewrsorkin seriously, stop talking about laws and how normal people talking about stocks is a crime but hedge fund meetings are okay. START REPORTING you shill.
Pro WallStreet 'advisers' and mass media: CNBC, Bloomberg have to be very proud for luring clueless retail 'investors' into the biggest StockMarket BUBBLE in history! This is what they are paid for by big corporations - turning retail investors into bagholders!
Pro Do your damn job - why are you ignoring GME? Gamestop to the moon! Power to the people!
Pro This highly valued stock is crushing the market as the long waited short squeeze kicks into gear. Check out $GME Gamestop
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: WSJ - 🏆 98. / 63 Read more »
Source: WSJ - 🏆 98. / 63 Read more »
Source: WSJ - 🏆 98. / 63 Read more »