Saba launched its flagship fund in August 2009 with $140 million.

Returns of its flagship funds have turned dismal, and the rush of money coming in has slowed.

Both are widely held, well-known families of mutual funds, each with a popular flagship fund that has done very well in the five-year bull market.

According to the same article: Plainfield's flagship fund witnessed 21.5% decline in 2008.

The company's flagship fund, Magellan, the nation's largest, was not affected by the changes.

The flagship fund, for instance, returned 47 percent in 1999, 26.1 percentage points ahead of the Standard & Poor's 500-stock index.

The flagship fund has been buying shares of property and casualty insurance companies, which have increased premiums since Sept. 11, 2001.

His flagship fund, Mutual Shares, has compiled an excellent record.

After losses of more than 7 percent by last summer, its flagship fund ended the year down 0.5 percent.

From 1994 through the end of last year, Pequot's flagship fund has returned an average 16.5 percent each year.