Columbia Acorn Fund

Ken Hoover, Investor's Business Daily, profiles Columbia Acorn Fund (ACRNX) in an article published at Yahoo Finance. Current fund manager, Frank McQuaid, who worked for legendary manager Ralph Wanger for 25 years prior to his retirement a couple of years ago, has stuck to the strategy that has brought long-term success to the fund. Hoover reports that "McQuaid says he's a growth-at-a-reasonable price, or GARP, investor. He'll buy a company growing at a double-digit rate if he can, but only if the price is right." And, he adds "The strategy has worked. The fund is up 9.11% year to date vs. 2.47% on average for small-cap growth funds tracked by Morningstar and 2.02% for the S&P 500. Its three-year annualized return is 25.40% against 18.62% for its peers and 12.82% for the S&P." Current fund holdings, strategies and other background information can be found in the complete article.

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(May '04-Jun '05)