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Tuesday, May 12, 2009

Contrarians Bounce Back

by: Armie Margaret Lee

In Tuesday's Wall Street Journal Fund Track column, Sam Mamudi notes that with the recent market rebound, contrarian funds have been outpacing the S&P 500.

So far this year, the Dreman Contrarian Large Cap Value is up 7 percent, Third Avenue Value is up around 13 percent and Legg Mason Value Trust is up 8 percent. This compares to a 0.7 percent rise in the S&P 500.

Among those quoted in the article are Bernie McGinn, president and chief investment officer of McGinn Investment Management; Evergreen Capital Management chief investment officer David Hay, Third Avenue's Ian Lapey and Morningstar analyst Russ Kinnel

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