William Dougherty (April 6, 1932 – July 3, 2010) was an American businessman, lobbyist, and Democratic politician who was the 31st Lieutenant Governor of South Dakota from 1971 to 1975.[1] (wikipedia)
Value is in the dumps. It's not the managers. The problem last year was asset class performance. If you were a value manager, you didn't do well.
There's certainly a demand for it (an interactive fund), if you consider the number of e-traders today. It's addressing the active Internet investor.
It was a minor leak, and virtually all of it has been contained. A cleanup was launched immediately, and we are working hand in hand with the Japanese Coast Guard.
Last year, growth was so ahead of value that people were wondering why they even had value (holdings).