Reuters David Randall profiled PM, Joe Huber , whose $228 million small cap fund, Huber Capital Management [profile] Small Cap Fund gained an annualized 16.7 percent a year since 2008, more than any fund in the Morningstar category.

Despite his success, the bull market may cause his performance to look simply average, Randall writes. The small cap fund is up 22.4 percent for the year through August 22 but the Russell 2000 index is up 23 percent, placing him in the middle of 370 funds in that Morningstar category.

His response will be a test of his investment strategy, which has helped attract big name clients such as Ford and General Motors employees.

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Edited by: Casey Quinlan


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