Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Perritt Mulls its Next Product Not Rated 5.0 Email Routing List Email & Route  Print Print
Friday, June 17, 2011

Perritt Mulls its Next Product

Reported by Armie Margaret Lee

Perritt Capital Management [see profile] is thinking of expanding its mutual fund menu possibly next year, according to the Chicago firm's top executive.

Michael Corbett, president, CEO and CIO, told The MFWire.com that he and his team are thinking of launching a small-cap mutual fund, which will bet on companies with a market cap in the $500 million to $3 billion range.

"It's still in our expertise range," added Mark Oberrotman, an executive in Perritt's client services and business development team. "It's not foreign to what we currently do."

Perritt currently offers two mutual funds: the Perritt MicroCap Opportunities Fund, which invests in firms with a market cap of $500 million or less, and the Perritt Emerging Opportunities Fund, which invests in firms that have a market cap of $300 million or less.

Despite the change of control at the company last year, don't expect Perritt to rebrand.

Corbett said the company has built a brand with the Perritt name. "I think it would be wise to leave it as is," he said.

As reported by The MFWire.com last year, Gerald Perritt, who started Perritt Capital in 1987, transferred control of Perritt Capital's parent company, Investment Information Services, to Corbett last October. Corbett now owns 50.5 percent of IIS.

Corbett said he plans to buy out the company's other shareholders over time and turn Perritt into a 100 percent employee-owned firm. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

5.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2022: Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2022
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use