Microcap Fund Shows Big Gains

After stints in the Peace Corps, Wall Street, various banks and Harvard Business School, Daniel Chace joined Wasatch Advisors as an analyst in 2002 before becoming manager of the firm’s Wasatch Micro Cap fund by 2004. This according to a recent article in Barron’s. Influenced by his life experiences, Chace favors businesses in a “less-trafficked corner of the market—companies with a market value of $100 million to $1.5billion” and targets those that he and co-manager Kenneth Korngiebel think are tomorrow’s “greatest growth companies.” Over the past year, the fund returned 31%–which, according to Morningstar data, beat 92% of small-cap growth […]