The Mysterious Oceanstone Fund

This fund's performance has been impressive, but its manager's silence makes it hard to recommend.

Talk about a riddle wrapped inside an enigma. Oceanstone Fund (symbol OSFDX) has delivered awesome gains in recent years, but scant information exists about its close-lipped manager, James Wang, and his methods. And that apparently is by design.

Wang declined to speak with us for this article. Before we tell you what we do know about him, let's review those mind-boggling results. Over the past five years through April 17, Oceanstone returned 39.9% annualized, annihilating Standard & Poor's 500-stock index by an average of 39 percentage points per year. Starting in 2007, the fund's first full year of existence, and including 2012, Oceanstone has topped the index every year except last year, when its 1% return lagged the index by a mere percentage point.

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%

Sign up for Kiplinger’s Free E-Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

Sign up

To continue reading this article
please register for free

This is different from signing in to your print subscription

Why am I seeing this? Find out more here

Bob Frick
Senior Editor, Kiplinger's Personal Finance