Ima Winner Fund Club: Bridgeway Aggressive Growth

One of the few upsides of the Nasdaq's collapse is that it helps us separate the winners from the losers in the tech-heavy mid-cap growth fund crop. Today, we'll show you one from each pile.

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On average, these funds rode fat tech bets to a 63% gain in 1999, lapping the S&P 500 three times, according to Chicago fund-tracker Morningstar. They've also ridden tech down, losing a quarter of their value, on average, over the past 12 months.

Despite their recent rough ride, it's easy to see why you might be looking for a solid mid-cap growth fund. After all, they make up at least 10% or 15% of a diversified portfolio if we use the broad Wilshire 5000 Total Market Index as a yardstick. And their penchant for posting big gains can give your portfolio a boost when the wind presses at their backs. Problem is, finding a good one isn't easy. Scads of funds looked great on the way up in 1999, and more than 90% are underwater so far this year. ...