Back then, many of the bigger funds had close to $1 billion or more.

But why, specifically, have the two big global funds been hit so hard?

Even so, the big funds were close to the index in their losing years.

The biggest funds and fund families get lots of attention.

Some selling came from big funds that speculate in the market.

What big funds give the small investor is a collective voice.

Edison was his fund's biggest holding at the beginning of last year.

Yet a glance at the winners' list in recent days shows that some big funds can more than hold their own.

Perhaps the 15 funds are skewed by the performance of a big fund or two?

And some of the older, bigger funds have not been doing as well.