Revealed: OBSR's top special situation funds

Under the special situations umbrella, there is a great diversity of approaches and styles. The initial understanding that they are all contrarian and focus on recovery style situations may therefore at times be somewhat misleading. Many of these funds are managed by a collection of very talented investors, who adopt individual styles, generally pay little or no attention to benchmark indices and seek to generate good positive (or absolute) returns over the longer term. The special situations universe Reviewing data available on Morningstar Direct and looking at the universe of funds d...