Fit to Commit

This small-cap value fund wants investors for the long haul.

By Dian Vujovich • Jul 1, 2003

Opinions expressed by Entrepreneur contributors are their own.

Look into the background of a fund's portfolio manager, andyou're bound to learn a lot about how that fund is managed.Charlie Dreifus has been at the helm of the Royce Special EquityFund (RYSEX) since it began in 1998. Over that time, not only hasthe fund had an impressive performance record--last year, it rankedNo. 1 of all small-cap value funds tracked by Lipper--but it hashad only one down performance year.

Dreifus purchased his first stock at age 13 and learned aboutinvesting from value gurus Benjamin Graham and Warren Buffet andaccounting critic Abraham Briloff. Then there's his experienceprior to joining Royce, a fund family specializing in small-capvalue investing. It includes time in mergers and acquisitions whileworking for Lazard Freres & Co. Put all that together, andyou'll find a fund manager who hates to lose money for hisshareholders and purchases micro- and small-cap stocks for thefund's portfolio at bargain prices.

Continue reading this article — and all of our other premium content with Entrepreneur+

For just $5, you can get unlimited access to all Entrepreneur’s premium content. You’ll find:

Digestible insight on how to be a better entrepreneur and leader
Lessons for starting and growing a business from our expert network of CEOs and founders
Meaningful content to help you make sharper decisions
Business and life hacks to help you stay ahead of the curve

Join Now Log In

Editor's Pick

Everyone Wants to Get Close to Their Favorite Artist. Here's the Technology Making It a Reality — But Better.

The Highest-Paid, Highest-Profile People in Every Field Know This Communication Strategy

After Early Rejection From Publishers, This Author Self-Published Her Book and Sold More Than 500,000 Copies. Here's How She Did It.

6 Questions to Ask Before You Begin Your Franchise Search

Having Trouble Speaking Up in Meetings? Try This Strategy.

He Names Brands for Amazon, Meta and Forever 21, and Says This Is the Big Blank Space in the Naming Game

Most Popular

See all

Thought Leaders

The Collapse of Credit Suisse: A Cautionary Tale of Resistance to Hybrid Work

This cautionary tale serves as a reminder for business leaders to adapt to the changing world of work and prioritize their workforce's needs and preferences.

By Gleb Tsipursky