From 1991 to 1995, it was a very successful small-cap growth fund.

284

I think it could be significant, and a potential drawback.

263

I do like the manager. It's a fund for someone to devote a little money to, but not make it a core holding.

257

From 1991 to 1995, it was a very successful small-cap growth fund. As it got more attention and a greater inflow of money, it became difficult for (fund manager) Gary Pilgrim to continue focusing on small- and mid-cap stocks.

143

These sorts of funds have set themselves up to outperform by virtue of the fact that individual picks can really make a difference.

123

Investors who are in an actively managed small-cap fund that has had high returns for several years and has grown in size should expect management to eventually close the fund to new investors. Two examples of funds that did this are Dreyfus Mid Cap Value and Artisan Mid Cap Value , which announced they were closing in early 2002.

113

I won't say there isn't a place for those kinds of funds, but I think the price risk, and the fact that they tend to be concentrated in certain sectors, can be something investors overlook when they see really great one-year numbers. People need to understand what they really do and the chances they're taking.

107

It's good to have some exposure to large growth in your portfolio independent of intraday dramatic moves.

59