os Angeles-based Bjurman, Berry and Associates
is shaking up its advisor-sold fund lineup by opening a new fund and closing a second to new investors. The new fund offering is the Bjurman, Barry Small Cap Growth Fund (BBSFX). That fund will become a part of Bjurman's Trust Series lineup, which is distributed by IFS Fund Distributors
Meanwhile, the firm is closing its Micro-Cap Growth Fund to new shareholders at the end of May. That fund has recently surpassed $500 million in assets. The fund will remain open to additional purchases from existing shareholders. The firm also offers its $9 million All Cap Growth Fund to investors.
O. Thomas Barry, chief investment officer and senior executive vice president of Bjurman, Barry and Associates, will manage the new fund. Barry will employ a growth-oriented approach in selecting stocks for the fund's portfolio.
"We feel now is one of the best opportunities to purchase fast-growing companies at low prices and an optimal time for investors to be looking at the small cap universe," Barry said.
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