NEW YORK ( TheStreet) -- Fund companies often lecture shareholders about the need to hold for the long term. All too often investors panic at market bottoms, dumping their shares at the worst possible time -- and missing stock rallies. That happened last year when funds faced a flood of redemptions.But retail investors aren't the only ones who make questionable moves at market bottoms. Fund companies recently fired several prominent managers, including David Dreman, former manager of the DWS Dreman High Return Fund (KDHAX); Bill Miller who oversaw part of the Masters Select Equity Fund (MSEFX); and Robert Turner of the Vanguard Growth Equity Fund (VGEQX).
Dreman, Miller Fired by Fund Firms Too Soon
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