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Wall St's best stock pickers pin rut on Fed

They say the easy money climate artificially inflates prices of lower-quality stocks, punishing those who focus on businesses with the best fundamentals

Some 20 per cent of mutual funds that pick US stocks beat their main benchmarks in 2014, and 21 per cent topped the indices in the five years ended Dec 31.


ROBERT D'Alelio has the kind of long-term record every mutual fund manager aspires to, beating 98 per cent of his peers over the past 15 years with the US$12.6 billion Neuberger Berman Genesis Fund and crushing his benchmark, the Russell 2000 Index.

Mr D'Alelio's performance