{"id":542428,"date":"2010-04-23T12:44:00","date_gmt":"2010-04-23T16:44:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/the-15-worst-mutual-fund-managers-of-q1-2010-4"},"modified":"2010-04-23T12:44:00","modified_gmt":"2010-04-23T16:44:00","slug":"the-15-worst-mutual-fund-managers-of-q1","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/542428","title":{"rendered":"The 15 Worst Mutual Fund Managers Of Q1"},"content":{"rendered":"

\"david-schoenwald\"<\/a>The S&P returned +4.87% in Q1.<\/p>\n

So which mutual fund managers cost their clients the most<\/em> for investing with them instead of an index fund? <\/p>\n

It’s time to check out the 15 Worst Mutual Fund Managers of Q1!<\/p>\n

A quick note: There are four repeat<\/strong> offenders on our list.<\/p>\n

The #1 worst mutual fund manager for 2009 was Barry Ziskin (Z Seven<\/strong>). And Ziskin retains the title in Q1!<\/p>\n

Rajendra Prasad (Prasad Growth<\/strong>), Connie Luecke and Randle Smith (Virtus<\/strong>), and Morgan Stanley<\/strong>‘s Michael Nolan, Helen Krause, and Arthur Robb are also on the list again.<\/p>\n

Now, usually, several of the worst managers manage to make money, even while they’re costing their clients boatloads by underperforming.  But this quarter, every Worst Fund Manager lost money!<\/p>\n

Now of course, this is just one quarter’s performance, and it’s the long-term record that matters. But when short-term returns look good, fund managers tout the hell out of them.  So we think it’s fair to do the opposite!<\/p>\n

15. Brendan Baker, Nigel May, and Andrew Porter<\/h2>\n
\"15.<\/div>\n

Q1 return:<\/strong> -0.25%<\/p>\n

Fund: <\/strong>Laudus Mondrian Global Equity Instl (LGEVX)<\/p>\n

Size: <\/strong>$4,000,000<\/p>\n

Top holding: <\/strong>GlaxoSmithKline PLC<\/a>, Total SA<\/a>, BP Plc<\/a>, Novartis AG<\/a>, Chevron Corporation<\/a><\/p>\n

Source: Morningstar<\/em><\/p>\n

<\/p>\n

14. David E. Marcus and Jae Chung<\/h2>\n
\"14.<\/div>\n

Q1 return: <\/strong>-0.60% <\/strong><\/p>\n

Fund: <\/strong>Evermore Global Value A (EVGBX)<\/p>\n

Size: <\/strong>$4,000,000<\/p>\n

Top holdings: <\/strong>NA<\/p>\n

Source: Morningstar<\/em><\/p>\n

<\/p>\n

13. Bob Becker and Benjamin Morton<\/h2>\n
\"13.<\/div>\n

Q1 return: <\/strong>-0.71% <\/strong><\/p>\n

Fund: <\/strong>Cohen & Steers Global Infrastructure A (CSUAX)<\/p>\n

Size: <\/strong>$94,000,000<\/p>\n

Top holdings: <\/strong>American Tower Corporation A<\/a>, Vinci<\/a>, East Japan Railway Co.<\/a>, Atlantia<\/a>, Crown Castle International Corporation<\/a><\/p>\n

Source: Morningstar<\/em><\/p>\n

<\/p>\n

12. James Harries<\/h2>\n
\"12.<\/div>\n

Q1 return: <\/strong>-0.72% <\/strong><\/p>\n

Fund: <\/strong>Dreyfus Global Equity Income A (DEQAX)<\/p>\n

Size: <\/strong>$10,000,000<\/p>\n

Top holdings: <\/strong>Reynolds American, Inc.<\/a>, Vodafone Group PLC<\/a>, Zurich Financial Services AG<\/a>, Deutsche Telekom AG<\/a>, Deutsche Post AG<\/a><\/p>\n

Source: Morningstar<\/em><\/p>\n

<\/p>\n

11. Jonathan Compton and Ian McCallum<\/h2>\n
\"11.<\/div>\n

Q1 return: <\/strong>-0.87%
<\/strong><\/p>\n

Fund: <\/strong>Touchstone Global Equity A (TGEAX)<\/p>\n

Size: <\/strong>$4,000,000<\/p>\n

Top holdings: <\/strong>Touchstone Institutional Money Market<\/a>, Royal KPN N.V.<\/a>, Goldcorp, Inc.<\/a>, Syngenta AG, Basel<\/a>, Agnico-Eagle Mines<\/a><\/p>\n

Source: Morningstar<\/em><\/p>\n

<\/p>\n

10. John Derrick, Frank Holmes, and Romeo Dator<\/h2>\n
\"10.<\/p>\n

John Derrick and Romeo Dator<\/p>\n<\/div>\n

Q1 return: <\/strong>-0.98% <\/strong><\/p>\n

Fund: <\/strong>U.S. Global Investors Global MegaTrends (MEGAX)<\/p>\n

Size: <\/strong>$26,000,000<\/p>\n

Top holdings: <\/strong>Profunds Swap Security Gs<\/a><\/p>\n

Source: Morningstar<\/em><\/p>\n

<\/p>\n

9. Michael McGowan, Aaron Visse, and Jim O’Donnell<\/h2>\n
\"9.<\/p>\n

Aaron Visse<\/p>\n<\/div>\n

Q1 return: <\/strong>-1.55% <\/strong><\/p>\n

Fund: <\/strong>Forward Global Infrastructure A (KGIAX)<\/p>\n

Size: <\/strong>$135,000,000<\/p>\n

Top holdings: <\/strong>Williams Companies, Inc.<\/a>, TransCanada Corporation<\/a>, E.ON Aktiengesellschaft<\/a>, Atlantia<\/a>, Vinci<\/a><\/p>\n

Source: Morningstar<\/em><\/p>\n

<\/p>\n

8. Connie Luecke and Randle Smith<\/h2>\n
\"8.<\/div>\n

Q1 return: <\/strong>-13.59% <\/strong><\/p>\n

Fund: <\/strong>Virtus Global Infrastructure A (PGUAX)<\/p>\n

Size: <\/strong>$88,000,000<\/p>\n

Top holdings: <\/strong>AT&T, Inc.<\/a>, Enbridge, Inc.<\/a>, TransCanada Corporation<\/a>, Vodafone Group PLC ADR<\/a>, Williams Companies, Inc.<\/a><\/p>\n

(Down from #9 worst in 2009.)<\/a><\/p>\n

Source: Morningstar<\/em><\/p>\n

<\/p>\n

7. Charles Edwardes-Ker and Thomas George<\/h2>\n
\"7.<\/p>\n

Source: http:\/\/network.nationalpost.com\/NP\/blogs\/tradingdesk\/archive\/2008\/01\/11\/manager-picks-charles-edwardes-ker-and-thomas-george.aspx<\/p>\n<\/div>\n

Q1 return: <\/strong>-2.59% <\/strong><\/p>\n

Fund: <\/strong>TDAM Global Sustainability Instl (TDGFX)<\/p>\n

Size: <\/strong>$12,000,000<\/p>\n

Top holdings: <\/strong>Procter & Gamble Company<\/a>, HSBC Holdings PLC<\/a>, Rio Tinto PLC<\/a>, East Japan Railway Co.<\/a>, International Business Machines Corp<\/a><\/p>\n

Source: Morningstar<\/em><\/p>\n

<\/p>\n

6. Michael Nolan, Helen Krause, and Arthur Robb<\/h2>\n
\"6.<\/p>\n

Arthur Robb and Helen Krause<\/p>\n<\/div>\n

Q1 return: <\/strong>-2.72% <\/strong><\/p>\n

Fund: <\/strong>Morgan Stanley Global Infrastructure B (UTLBX)<\/p>\n

Size: <\/strong>$396,000,000<\/p>\n

Top holdings: <\/strong>Atlantia<\/a>, Williams Companies, Inc.<\/a>, GDF Suez<\/a>, Abertis Infraestructuras, S.A.<\/a>, Enbridge, Inc.<\/a><\/p>\n

(Down from #8 in 2009.)<\/a><\/p>\n

Source: Morningstar<\/em><\/p>\n

<\/p>\n

5. Nicolas Huber<\/h2>\n
\"5.<\/div>\n

Q1 return: <\/strong>-3.60% <\/strong><\/p>\n

Fund: <\/strong>DWS Climate Change A (WRMAX)<\/p>\n

Size: <\/strong>$74,000,000<\/p>\n

Top holdings: <\/strong>East Japan Railway Co.<\/a>, Quanta Services, Inc.<\/a>, Vestas Wind Systems A\/S<\/a>, Calgon Carbon Corporation<\/a>, Itron Inc.<\/a><\/p>\n

Source: Morningstar<\/em><\/p>\n

<\/p>\n

4. Eric Bjorgen, Steven Leuthold, and David Kurzman<\/h2>\n
\"4.<\/div>\n

Q1 return: <\/strong>-4.43% <\/strong><\/p>\n

Fund: <\/strong>Leuthold Global Clean Tech Instl (LGCIX)<\/p>\n

Size: <\/strong>$26,000,000<\/p>\n

Top holdings: <\/strong>China Valves Technology Inc<\/a>, ADA-ES, Inc.<\/a>, Exide Technologies, Inc.<\/a>, Meyer Burger Technology AG<\/a>, SMA Solar Technology AG<\/a><\/p>\n

Source: Morningstar<\/em><\/p>\n

<\/p>\n

3. David Schoenwald and Maurice Schoenwald<\/h2>\n
\"3.<\/p>\n

David Schoenwald<\/p>\n<\/div>\n

Q1 return: <\/strong>-6.93% <\/strong><\/p>\n

Fund: <\/strong>New Alternatives (NALFX)<\/p>\n

Size: <\/strong>$267,000,000<\/p>\n

Top holdings: <\/strong>Schneider Electric<\/a>, South Jersey Industries<\/a>, American Water Works Co Inc<\/a>, Aqua America, Inc.<\/a>, Abengoa, S.A.<\/a><\/p>\n

Source: Morningstar<\/em><\/p>\n

<\/p>\n

2. Rajendra Prasad<\/h2>\n
\"2.<\/p>\n

Rajendra Prasad<\/p>\n<\/div>\n

Q1 return: <\/strong>-13.60% <\/strong><\/p>\n

Fund: <\/strong>Prasad Growth (PRGRX)<\/p>\n

Size: <\/strong>< $1,000,000<\/p>\n

Top holdings: <\/strong>Direxion Daily Small Cap Bear 3X Shares<\/a>, Direxion Daily Emrg Mkts Bear 3X Shares<\/a>, China Natural Resources, Inc.<\/a>, Kodiak Oil & Gas Corp.<\/a>, STEC, Inc.<\/a><\/p>\n

(Prasad was also #2 worst MF manager for 2009.)<\/a><\/p>\n

Source: Morningstar<\/em><\/p>\n

<\/p>\n

1. Barry Ziskin<\/h2>\n
\"1.<\/p>\n

Barry Ziskin<\/p>\n<\/div>\n

Q1 return: <\/strong>-15.85% <\/strong><\/p>\n

Fund: <\/strong>Z Seven (ZSEVX)<\/p>\n

Size: <\/strong>$3,000,000<\/p>\n

Top holdings: <\/strong>Rathbone Brothers PLC<\/a>, PetMed Express, Inc.<\/a>, Cognizant Technology Solutions Corporation A<\/a>, Chocoladefabriken Lindt & Spruengli Ag, Kilchberg<\/a>, RPS Group PLC<\/a><\/p>\n

(Ziskin was also #1 worst MF manager in 2009.)<\/a><\/p>\n

Source: Morningstar<\/em><\/p>\n

<\/p>\n

Don’t miss…<\/h2>\n
\"Don't<\/div>\n

The 15 Worst Mutual Fund Managers Of 2009<\/a><\/h2>\n

Join the conversation about this story »<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

The S&P returned +4.87% in Q1. So which mutual fund managers cost their clients the most for investing with them instead of an index fund?  It’s time to check out the 15 Worst Mutual Fund Managers of Q1! A quick note: There are four repeat offenders on our list. The #1 worst mutual fund manager […]<\/p>\n","protected":false},"author":6873,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-542428","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/542428","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/6873"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=542428"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/542428\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=542428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=542428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=542428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}