WSJ: Microcap Stocks Proved Big Winners for Mutual-Fund Managers

To post the biggest profits as a mutual-fund manager these days, it seems that you have to be willing to hunt through the stock market’s tiniest companies in search of those likely to grow into tomorrow’s giants.

That strategy certainly worked for F. Thomas O’Halloran, manager of Lord Abbett Micro Cap Growth, who won the laurels in The Wall Street Journal’s quarterly Winners’ Circle ranking for the second period in a row, thanks to a 58.2% gain for the 12 months ended March 31.

Mr. O’Halloran’s fund was the best-performing of a cluster of several microcap funds, outpacing his nearest rival— Oberweis Micro-Cap, up 48.9%—by nearly 10 percentage points.  SEE THE FULL STORY HERE….

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