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The major market averages rallied, buoying most mutual fund sectors along with them.
Sector by Sector Most fund sectors rose in the quarter, with real estate leading the way.
There was much focus on fixed-income trading strategies, which have been among the hottest hedge fund sectors.
The industrials area was the strongest of 11 specialty fund sectors tracked by Morningstar, up 13.4 percent in the quarter.
Sector by Sector All fund sectors had gains this quarter, with natural resources and precious metals leading the way.
Sector by Sector Major fund sectors posted gains in the quarter, and all but two had double-digit growth for the year.
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Blair follows the steps of two former Conservative leaders into the lucrative hedge fund sector.
At £1.6bn, the positive investment market is just a fraction of the £8.6bn ethical fund sector.
If the money fund sector were to contract markedly, investors would have to find alternative places to park their cash.
This option could also lead to a two-tier, unevenly regulated money fund sector, where larger funds might come under Fed oversight and smaller ones wouldn't.
With Internet funds hemorrhaging cash and wireless funds careening after an earnings warning from Nokia, America needs a cool new mutual fund sector.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com