The managers work with sector analysts and visit the companies.

Mr. Wilby works with eight sector analysts to pick individual issuers.

At about the same time, Shearson started a mutual fund based on Ms. Garzarelli's skills as a sector analyst.

Public and private sector analysts have long monitored changes in money supply because of its effects on the price level, inflation, the exchange rate and the business cycle.

At the time of the earthquake a decade ago, an astute private sector analyst might have warned that Kobe's ship had sailed.

The fund's 12 sector analysts meet at 8:30 each morning to discuss economic and financial markets news, allocations and investment ideas.

The average decrease in capital expenditure in 2009 forecast by our sector analysts is 30pc.

On the strength of that commitment, sector analysts expect that the positioning system industry, which had revenues of $1.25 billion last year, will expand to $8.4 billion by 2000.

They work with five sector analysts, visiting companies and talking to competitors, suppliers and customers.

He works with four sector analysts, each of whom tracks 20 stocks already owned by the fund and 30 to 35 potential purchases.