AIM Developing Markets Fund managers Steve Cao and Borge Endresen believe emerging markets fundamentals have dramatically improved. That’s why they are comfortable with a growth-style investment process that emphasizes bottom-up stock selection. Volatility is not a thing of the past, but long-term investors may be amply rewarded for enduring that volatility. With low correlation to the U.S. market, the fund may provide a diversification benefit to the U.S. investor.

Quite different from its peers, the Ave Maria Growth fund invests in a relatively small number of domestic stocks that it selects through a systematic ranking system. The manager, James Bashaw, is free to invest in companies of any size as long they fit with the requirements of long-term risk-adjusted expected returns. But regardless of their attractiveness, the fund does not invest in companies that offend Catholic values.

Starting with the premise that the mutual fund industry does something wrong in searching for talent, the Marketocracy Masters 100 fund has decided to cast a broader net to find the people who can consistently beat the market. Reaching out to places not traditional for the mutual fund world, the company has built the technology platform to track members on the site who excel at trading and utilize the insights of the best ones.