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Performance has been poor lately, with the average fund down 1.5% over the past year.
"Other guys who are only looking at dollars and cents would have shut the fund down," he said.
Only one in 10 are paying into a pension fund, down from four in 10 a decade ago.
He says the Vontobel fund, down sharply in the quarter, is less diversified than Montgomery Emerging Markets, which also did poorly but remains on his list.
Bob Olstein, manager of the Olstein Financial Alert fund, down 7.6percentt for the 12 months through September, said: "The negativity has gone way too far.
Then there's a lot of pocket change, like $30 million for the federal student loan reserve fund, down from $152 million.
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Still, with choir funding down, it makes things tough.
The August inflow included $3.02 billion in domestic short-term funds, down from $4.48 billion in July.
A failed project will not bring the pension funds down with it.However, the plan does raise some further questions.
Her hedge fund Omega, of which she owns 60%, manages $400 million in funds, down from $1 billion a year ago.
The fund is down 46percentthis yearar.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com