The Adirondack Small Cap Fund managed by Adirondack Research and Management Inc., based in Guilderland, New York, has passed the $100 million asset mark.

The Business Review reports that the seven-year-old fund's PMs Greg Roeder and Matt Renier look for misunderstood and undervalued companies.

During the first few years of the fund, it was only open for family and friends. It opened to financial advisers in 2009.  

Edited by: HFD


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