Some industry pundits maintain that a mutual fund complex should either amass assets of $30 billion to $50 billion or get out of the business. But Marshall & Isley Corp. is betting that good performance can be the road to profitability.

The $3.2 billion Marshall Funds boast some of the highest ratings bestowed on retail mutual funds. One of the 11 funds received five stars from Morningstar, the fund rating agency, and three others have four-star ratings for three-year performance.

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