The stars emerge as asset classes do well. A star isn't a star just because he's a genius. It's the style he's investing in.

If you can do it yourself, why bother with loads?

Value is in the dumps. It's not the managers. The problem last year was asset class performance. If you were a value manager, you didn't do well.

There's certainly a demand for it (an interactive fund), if you consider the number of e-traders today. It's addressing the active Internet investor.

These are not marquee-name stars. These are hidden stars.

John Brennan is a very smart guy - no nonsense, abrasive, sharp, provocative.