5 stocks under $5 to catch the small-cap rally as investors turn bullish
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Manager Changes Diminish These Funds
morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
Top Royce small-cap team in stunning exit to First Eagle
citywireselector.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from citywireselector.com Daily Mail and Mail on Sunday newspapers.
An abrupt mass resignation of Royce Opportunity s (ROFIX) management team has left the strong-performing fund in the lurch and its Morningstar Analyst Rating under review.
Bill Hench and his three-person team surprised their colleagues at Royce Investment Partners by resigning on April 20, 2021. Hench had served as lead manager since October 2018 and as an assistant or comanager since May 2004, building an excellent track record, first as an understudy and then as successor to Boniface Buzz Zaino.
Robert Kosowsky and Suzanne Franks, Hench s assistant managers since 2018, and Adam Mielnik, an analyst for the strategy since 2014, also left. They did not disclose where they were headed but often when entire fund management teams leave at once it is for another firm or to strike out on their own. On April 21, noted value shop First Eagle Investment Management announced that it hired Hench and his team to run a new small-cap strategy for the firm.