Barron's Interview Emmanuel Ferreira

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Oppenheimer Quest Opportunity Vale Fund (QVOPX), which Ferreira has managed since the start of 2005, was down 23.5% this year through Nov. 12. But that's well ahead of the battered broad market. It puts the fund in the top 8% of its moderate-allocation category in the span, and it's been within the top 6% over the past one- (minus 21.1%), three- (minus 1.35%) and five- (2.34) year periods through Nov. 12, according to mutual-fund tracker Morningstar. And while the majority of stock-fund managers have lagged behind their benchmarks for the year, Quest Opportunity has swamped its bogey, the S&P 500, which was down 32.8% through Nov. 12. (Moderate-allocation funds can move among different assets but typically keep 50% to 70% in equities.)

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