Market News

Why some mutual-fund managers buy shares in firms controlled by founders.

Winners' Circle: Mutual funds managed by Bill Miller and Bruce Berkowitz finished first and second, respectively, in our ranking of 2012 U.S.-stock fund performance.

Quarterly Monitor: U.S.- and international-stock funds generally posted double-digit gains for 2012. But investors continued to pull money out of U.S.-stock portfolios.

Mixing It Up: Financial adviser Dan Gaugler puts his clients into cheaper mutual-fund alternatives that use similar strategies.