What a fund is called, and what it does, can be two different things.
Take for instance, the
Fidelity Contrafund, managed by
William Danoff.
According to Brendan Conway of
Barron's, the fund isn't contrarian so much as it is good at riding stock momentum.
To illustrate his point, Conway cites
Morningstar analyst
Samuel Lee, who runs a
Fama-French-Carhart regression analysis of the fund for
Barron's. According to the study, Lee determined that Danoff "deftly" exploits stock momentum, and then adds further value.
Read further on the analysis in
Barron's. 
Edited by:
Tommy Fernandez
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