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Until the credit crisis, the YieldPlus Fund was consistently one of the top performing funds in its category for eight years".
It does say that the top performing funds in early 1969 during a down market — had an average size of about $23‐million.
Until they recently began retirement planning, they both consulted with friends at work and selected 401(k) investments based on the top performing funds available in the plan.
Studies have also shown that top performing funds are no more likely than average to outperform even similar funds in the future.
Not a single one of these top performing funds maintained its top quarter ranking in each of the remaining four years.
Paulson's name at the top of the "rich list" isn't too surprising, given that his $36 billion Paulson & Co has emerged as one of the industry's top performing funds.
Similar(54)
Six of the top ten performing funds in January were US funds, according to Lipper.
Those figures are accurate, but the Productivity Commission report from which they come does emphasise that the top 10 performing funds are all not-for-profits.
Six of the top ten performing funds investing in Europe specialized in small-cap stocks.
In other words, don't look at the top ten performing funds and run out and buy them.
Additionally, we already know that the top performing small funds do better than the top performing large funds, so the story would likely be different if we looked at the (arguably more important) smallest quintile or decile.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com