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Tom Forester : Going bottom fishing
Submitted by admin on Mon, 11/10/2008 - 11:14
For one brief, shining moment last week, Tom Forester ran the only stock mutual fund with a positive return for the year. It's best not to judge fund managers on short-term results, but in this harrowing market climate, anyone who can even approach breakeven is probably worth a closer look.
Forester's eponymous Forester Value Fund (FVALX) lost 2.9% this year as of Nov. 6, according to fund-tracker Lipper Inc. By comparison, its average large-cap value rival slumped 38.1%.
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