Barron's Ranks 'The New Masters' of Mutual Funds

The 12th annual Barron's/Value Line ranking of the top 100 U.S. mutual-fund managers was published as growing investor fears about credit quality sent the Standard & Poor's 500 stock index down almost 7% in July and August -- its worst one-month showing in three years. Money managers across the board were feeling the heat, including many who earned a place in Barron's latest survey. CNBC continues to talk to these managers about the markets, their funds and their favorite stocks.

The Barron's/Value Line survey is designed to identify top fund managers in nine broad investment categories, who consistently beat peers with similar investment objectives over a period of at least three years, without undue volatility in returns.