Say Goodbye to Another Kip 25 Fund

Buy Excelsior Value & Restructuring soon, before it converts to a load fund.

Piloted by the redoubtable Dave Williams since 1992, Excelsior Value & Restructuring has been one of those rare funds that you could just put away and hold.

In 2007, a dismal year for most value funds, Excelsior returned 10%. In the decade through January 31, 2008, the fund (symbol UMBIX) returned an annualized 11%, an impressive six percentage points per year ahead of Standard & Poor's 500-stock index.

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Contributing Writer, Kiplinger's Personal Finance

Andrew Tanzer is an editorial consultant and investment writer. After working as a journalist for 25 years at magazines that included Forbes and Kiplinger’s Personal Finance, he served as a senior research analyst and investment writer at a leading New York-based financial advisor. Andrew currently writes for several large hedge and mutual funds, private wealth advisors, and a major bank. He earned a BA in East Asian Studies from Wesleyan University, an MS in Journalism from the Columbia Graduate School of Journalism, and holds both CFA and CFP® designations.