Caution pays off.
Back in 1998 and 1999, large-cap growth funds partied hard. Such stats make even some of our Best in Class look badly roughed up. But rest assured, on a three-year basis, these 20 funds are at the head of their class after adjusting for risk. What puts these managers on top is their attention to the downside. Alan Blake of Smith Barney Large Cap Growth deftly cut back on tech in late 1999.