Rice Hall James & Associates
is reopening its Micro Cap Portfolio
. The San Diego fund advisor had closed the open-end fund which invests in micro-cap growth companies on August 31, 2004.
Kevin T. Hamilton, president of Rice Hall James & Associates, explained that the portfolio management team is "comfortable" that it has sufficient capacity to mange the fund that held $222 million of assets at the end of May.
"We will be closely monitoring liquidity conditions in the market and move to restrict our growth in assets under management again as the investment team judges advisable," Hamilton elaborated.
Three-decade-old Rice Hall James & Associates manages $2 billion in assets. The firm advises three funds: Mid Cap
, Small/Mid Cap
and Micro Cap
Sean Hanna, Editor in Chief
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