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13 Fund Managers Who Lost Among the Most Money

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Fidelity Dividend Growth (FDGKX)

Fund profile: The fund has been prominent in Fidelity's stable and should do well given the emphasis on dividend-paying stocks in the current investment environment. But this year the large-blend category has struggled mightily. Its 536-stock portfolio has been managed by Lawrence Rakers since September 2008. Morningstar says returns have been volatile, "but it's a fine fund for a patient investor."

Performance: down 10.7%, putting it in the 94th percentile versus its large-blend category peers and 7 percentage points below their average return. But over three years it has an admirable 19.8% annual average return.

Assets: $8.5 billion

Worst picks: Citigroup (C - Get Report), its second-largest holding, down 43%; Wells Fargo (WFC - Get Report), down 14%; JPMorgan Chase (JPM - Get Report), down 24%.

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Goldman Sachs Large Cap Value (GSVCX)

Fund profile: The fund's lead managers, Andrew Braun and Sean Gallagher, focus on large-cap firms with healthy free cash flow as well as strong and improving balance sheets. The fund has been overweight financials this year, including Bank of America (BAC - Get Report).

Performance: down 11.7%, putting it in the 96th percentile in the large-value category, 7.9 percentage points below its peers' average return.

Assets: $2 billion

Worst picks : JPMorgan Chase (JPM - Get Report), 4% of the fund, down 24%; Prudential Financial (PRU), down 6%; Teva Pharmaceutical (TEVA - Get Report), down 20%.

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AIG $54.79 0.00%
BAC $15.39 0.00%
C $51.52 0.00%
F $16.14 0.00%
JPM $60.58 0.00%


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