Did Barron's Number-One Ranked Fund Family Add Value For Its Investors? August 11, 2015 by Larry Swedroe Our series evaluating the performance of the market’s most prominent actively managed mutual fund firms continues today with an in-depth look at Waddell & Reed Investment Management, which in February earned a number-one spot on Barron’s list [1] of best fund families for the prior 10-year period. In its annual ranking, Barron's named Waddell & Reed the top-performing mutual fund family (out of 48) for the preceding 10-year period. In the latest five-year period, the firm ranked second (out of 56 fund families). Waddell & Reed, however, dropped all the way to 50th place (out of 65 fund families) in the one-year rankings based on the firm’s performance in 2014. In response to his firm’s rank on the list, Waddell & Reed’s chairman and CEO, Henry Herrmann, stated: “Over longer periods, and across differing market cycles, our rigorous investment process has led to solid results for investors. We prefer to judge... More