Oak Associates is adding a small cap, growth fund to its family. The Akron, Ohio-based fund firm launched the River Oak Discovery Fund (RIVSX) Tuesday. Robert Stimpson and Brandi Allen are the co-portfolio managers for the fund.

Stimpson already co-manages the Rock Oak Core Growth Fund (RCKSX), while Allen co-manages Live Oak Health Sciences Fund (LOGSX).

Twenty-year-old Oak Associates manages $5.7 billion in mutual fund, pension and endowment assets as of June 30, 2005. SEI Investments Distribution is the distributor of all of the Oak Associates Funds. 

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