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Rating:Numeric Closes Micro Cap Fund Not Rated 3.0 Email Routing List Email & Route  Print Print
Tuesday, April 11, 2000

Numeric Closes Micro Cap Fund

Reported by Paul Braverman

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numeric investors closed the n/i numeric Micro Cap fund to new investors yesterday, although existing investors can continue to make deposits.

The fund's assets stood at $131 million as of April 10, and officials with numeric feel that increasing the size of assets will hurt the fund's performance. "I like the relative ease we have at the current asset level to complete trades," said Shannon Vanderhooft, manager of the fund.

Lynn Wickwire, director of mutual fund marketing, said, "We've done a substantial amount of research on the relationship between transaction costs and the amount of assets in a fund. You can actually pick the optimum point in that relationship, and we're there right now." 

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