Frederick R. Kobrick has managed money for more than thirty years. He spent fourteen years as an investment analyst at Wellington Management Company, then joined State Street Research & Management in 1985. He managed the State Street Research Capital Fund, which was one of the five best-performing funds in the country for fifteen years, according to "USA Today." Kobrick's Capital Appreciation Fund was included in "Money" magazine's "Six Funds of the Decade" in 1996, and cited in "USA Today" as among the five best funds for the entire bull market.