{"id":689930,"date":"2010-03-12T11:59:00","date_gmt":"2010-03-12T16:59:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/the-15-worst-mutual-fund-managers-of-2009-2010-3"},"modified":"2010-03-12T11:59:00","modified_gmt":"2010-03-12T16:59:00","slug":"the-15-worst-stock-fund-managers-of-2009","status":"publish","type":"post","link":"https:\/\/mereja.com\/index\/689930","title":{"rendered":"The 15 Worst Stock Fund Managers Of 2009"},"content":{"rendered":"

\"keith<\/a>Unless you were a short-seller it was really, really hard to lose money in 2009<\/p>\n

The S&P 500 returned 26.46% in 2009. That’s what you could have returned just by investing in a low-fee ETF and then going to sleep and waking up a year later.<\/p>\n

But despite the fees and the longstanding criticisms of the industry, it persists and pulls and gigantic sums of money every year.<\/p>\n

We decided to check out the fund managers who didn’t keep up in 2009, and didn’t deliver.<\/p>\n

Several made money, but compared to the broader markets, their investors lost out.<\/p>\n

Now of course, this is just one year’s performance, and it’s the long-term record that matters. But when one-year returns look good, fund managers tout the hell out of them.  So it seems fair to do the opposite.<\/p>\n

See the year’s 15 worst fund managers –><\/a><\/strong><\/h2>\n

Join the conversation about this story »<\/a><\/p>\n

See Also:<\/b><\/p>\n