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Latin American funds gained more than 9percentt.
But some of the smallest and narrowest funds gained more than 20percentt.
The main Renaissance funds gained between15.6percentand16.5percentrcent.
Real estate funds gained nearly 8percentt as investors sought hard assets.
Short-selling hedge funds gained 34.6percentt last year, according to Hedge Fund Research.
International funds gained 2.1percentt but were down 21.1percentt over the 12 months.
Similar(26)
International funds were so-so performers among stock funds, gaining 2.6 percent.
It took fifth place among domestic diversified stock funds, gaining 15.4percentt.
Funds that buy large-cap value stocks were the weakest performers for the quarter among diversified United States stock funds, gaining just 0.08percentt, on average, according to Morningstar.
The fund itself has suffered, relatively speaking, along with other value-oriented funds, gaining an annual 14% over the past ten years.
In 1999, the fund gained 66percentt.
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