LOS ANGELES (TheStreet) -- The stock-market slide isn't over yet, says David Wright, manager of the Sierra Core Retirement Fund(SIRAX). He's keeping more than half of the mutual fund in cash. The Sierra Core Retirement Fund has returned 3.7% this year, better than 99% of its rival funds, which have fallen an average of 1.3%, according to Morningstar(MORN). The fund has gained 13% during the past year, outperforming two-thirds of rival funds. Welcome to TheStreet.com's Fund Manager Five Spot, where America's top mutual fund managers give their best stock picks and views on the market in a five-question format. Is the worst over for stocks? Wright: No, not at all. We're still in very dangerous waters here. Among other things, we had a bulge in sentiment. We had a lot of very exuberant trading over the past three or four months. We have all of the major signs of a top behind us, and we're only part way down on a major down cycle. I see more downside in equities in the second half. Perhaps a drop of 20% to 25% and maybe even more than that. http://www.thestreet.com/story/10775369/1/stocks-could-be-headed-for-more-losses.html HeÂ´s keeping more than HALF of the mutual fund in cash...LOL. Unbelievable.