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Even if liability is established, calculating damages is not easy because there will probably not be an agreed-upon method of valuing fund shares and adjusting for one investor's market timing, Mr. Dunbar said.
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Heartland's Mid-cap and Large-cap Value funds remain open, as does the $336 million Value Plus fund, the Value fund's little sister.
Currently, I am using a few actively managed bond funds and value stock funds.
His hedge fund, Greenlight, is a long-short value fund.
Royce Opportunity is a small-cap value fund.
By contrast, the average small-cap value fund returned 26percentt.
The Values Fund was caught up in the constant brinksmanship between Mr. Vilsack and Republican lawmakers, who attached a big tax cut to the Values Fund last year.
The Legg Mason Opportunity fund, a value fund also managed by Mr. Miller, was down 29percentt.
Another is Brandywine Asset Management, which manages American's small-cap value fund.
(The turnover rate in the average small-cap value fund is 70percentt, according to Morningstar).
Morningstar Inc. classifies Stratton Growth as a large value fund, based on its investments.
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