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The then wildly popular fund specialized in buying private placements of stock at a discount and then valuing them at the price of listed shares.
But after the property market collapsed in the early 1990s, he decided the time was ripe to join his father's firm and started a fund specialized in the corner of the stock market he knew: real estate financing.
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The average fund specializing in the sector actually rose 1.1percentt in the third quarter, according to Morningstar.
Thereafter, he established his own Investment Fund specializing in alternative assets.
The average fund specializing in domestic stocks rose 5.6 percent in the first quarter, according to data from Morningstar.
His fund specializes in small-cap investing, so he skips over stalwarts like Newmont Mining and Barrick Gold, opting instead for Medusa Mining.
Eyes on Eastern Europe At first glance, a fund specializing in Eastern Europe might not seem a natural home for oil stocks.
USED TO WORK AS Co-founder of the New Energy Capital Corporation, a private equity fund specializing in clean energy.
Used to work as: Co-founder of New Energy Capital Corp., a private equity fund specializing in clean energy.
"You may not find a well-run, well-thought-out actively managed fund" specializing in those countries, she said.
In the Morningstar database, the average fund specializing in American stocks rose 5.4 percent in the fourth quarter and 31.8 percent for the year.
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