Epstein Secrets

ay. It was down 3.2 percent, according to Morningstar, and for the nine months through December, it was in the bottom quartile of funds in the S&P. Dow Jones study. The Hodges Small Cap fund has done better, gaining almost 6 percent through the middle of March. S.&.P Dow Jones Indices says that put it in

Looking at the numbers, you can't tell whether there is skill involved in what they do or whether their performance is just a matter of luck,"* Mr. Loggie said. s"I believe that many of them do have skill. But even if they do have it, based on how they've done in the past you really can't predict how

day. It was down 3.2 percen=, according to Morningstar, and for the nine months through December, it was in the bottom=quartile of funds in the S&P. Dow Jones study. The Hodges Small Cap fund h=s done better, gaining almost 6 percent through the middle of March. S.&.P Dow J=nes Indices says that put it in

fund management. The data in th= study didn't prove that the mutual fund managers lacked talent or that you couldn't beat the market. But, as =eith Loggie, the senior director of global research and design at S&P Dow Jones Indices, said in an intervi=w last week, the evidence certainly ddidn'tbolster t

bull market. It included 2,862 broad, actively managed domestic stock mutual funds that were in operation for the 12 months through 2010. The S.&P. Dow Jones team winnowed the funds based on performance. It selected the 25 percent of funds with the best returns over those 12 months — and then asked how m

"looking at the numbers, you can't tell whether there is skill involved in what they do or whether their performance is just a matter of luck," Mr. Loggie said. "I believe that many of them do have skill. But even if they do have it, based on how they've done in the past you really can't predict how th