Some support has built in recent years for the assertion that top and bottom funds tend to remain in their respective camps.

We're in a commodities supercycle, says Britain's top fund manager (10-06-2005)

To make the list of top European funds for the last three years, managers had to cherry-pick stocks from many countries and industries.

In 2007, students raised over $30,000 in an effort to regain the title as top fund raising school in Canada.

The top foreign-stock funds held issues for an average of three years, twice as long as their rivals did.

Many of the top funds of the bull market, which piled into technology stocks but did little hedging, have since collapsed.

We're never going to be the top fund in any year.

The extraordinary short-term performance of these top funds' stocks does more than improve the funds' records.

The findings also help explain why a quarter's top funds so quickly reverse course.

A major contributor to this quick reversal is the top funds' price manipulation, according to three theoreticians who are building on this research.