Thurman Smith, editor of Equity Fund Outlook, has been managing private accounts using diversified stock funds since 1980. Prior to starting Equity Fund Research, Mr. Smith was a software developer in the areas of investment research and portfolio accounting at State Street Bank, Loomis Sayles, and Fidelity Investments. Using his systems experience and knowledge of the fund industry, Mr. Smith
developed software to identify the most skillful managers of diversified funds where managers are free to invest in any industry. This system and its investment skill quotient are the basis of his fund rating system used for clients and in Equity Fund Outlook, which he launched in 1988. Mr. Smith has an MBA from Babson College in investments and finance.