Business Week awards a prize each year for "Excellence in Fund Management." (You can read the full story here).
The actual awards — "The Standard & Poor’s/Business Week Excellence in Fund Management Awards" "recognizes fund managers and management teams across different investment styles, who have proven histories of strong fund management anchored by track records of consistently sound returns."
Sounds good to me.
Here are the winners for 2005:
| Fund | Symbol | Manager |
|---|---|---|
| ABN AMRO Mid Cap | CHTTX | Thyra Zerhusen |
| Calvert Social Investment:Equity/A | CSIEX | Daniel Boone |
| Dodge & Cox Income | DODIX | Team Managed |
| Eaton Vance Municipal Bond/A | ETMBX | Thomas Fetter |
| Goldman Sachs Growth Opportunities/A | GGOAX | Steven Barry & Team |
| Goldman Sachs Mid Cap Value/A | GCMAX | Eileen Rominger & Team |
| Growth Fund of America/A | AGTHX | Team Managed |
| Harbor Funds Bond/Instl | HABDX | William Gross |
| Julius Baer: International Equity/A | BJBIX | Rudolph-Riad Younes |
| Laudus Rosenberg International Small Cap/Inv | RISIX | Team Managed |
| Legg Mason Equity Trust: Value/Prim | LMVTX | Bill Miller |
| Managers Bond | MGFIX | Daniel Fuss |
| T Rowe Price Equity Income | PRFDX | Brian Rogers |
| T Rowe Price Growth Stock | PRGFX | Robert Smith |
| TCW Galileo Total Return Bond/I | TGLMX | P. Barach/J. Gundlach/F. Horton |
| Thornburg Value/A | TVAFX | William Fries |
| Tweedy Browne Global Value | TBGVX | Team Managed |
| Victory Funds:Diversified Stock Fund/A | SRVEX | Lawrence Babin |
There is a whole lot of additional reportage on various personalities, styles, etc., at this online page at Business Week. Its an interesting read, if you follow this sort of stuff (I do).
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I didn’t read the BusinessWeek article closely but is there any evidence to suggest that these top performers are any different than a monkey at a keyboard eventually writing Hamlet?
Perhaps this is just Random Walk Down Wall Street?