FYI: (This is a follow-up article.)
During a time when many investors struggled and lost money, Henry Ellenbogen thrived.
The star stockpicker led the best-performing mutual fund at T. Rowe Price Group Inc. last year. The New Horizons Fund, with a 4.04 percent return, ended up being one of the top funds across the U.S.
Ellenbogen told fund shareholders in his final letter before departing next month that the key to success is identifying a select group of small-cap companies that will achieve 20 percent total annual compounded growth over 10 years. He calls those companies "compounders." Small-cap companies are generally considered those with a market capitalization of between $300 million and $2 billion.
Ellenbogen, a who has worked at Baltimore-based T. Rowe Price (NASDAQ: TROW) since 2001 and managed the New Horizons Fund since 2010, is leaving the company on March 31.
Regards,
Ted
https://www.bizjournals.com/baltimore/news/2019/02/22/t-rowes-star-stockpicker-ellenbogen-details-keys.html?ana=yahoo&yptr=yahoo
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