We're hearing from a lot of value-oriented managers that they're taking this opportunity to move into stocks with growth prospects. My goodness, Cisco is in the portfolio right now, which isn't something that Windsor shareholders might be expecting.

It's hard to say whether he's making brilliant choices because it's hard to go wrong in Internet stocks, ... It's hard to say whether he's a good stock picker or just lucky.

Fund managers are asserting that a slowdown in telecom spending is here for foreseeable future. As far as investors needing a dedicated technology fund in their portfolio, it's not essential because many growth funds will give the exposure and diversification they need, without the risk.

I would say it's a dueling trend that retail mutual fund companies are starting hedge fund like vehicles to retain that talent. That is a weapon in a fund company's arsenal.

You don't want a fund that had its best years with $5 million in assets.

They rack up records and don't get noticed.