Some fund companies close and open funds so much they appear to be revolving doors. Charlie Dreifus
' Royce Special Equity Fund
reopened to new investors at the end of the day on Monday.
According to a release
issued Monday, the fund's re-opening is "due to the potential we [Charlie Dreifus] see for new opportunities in the small- and micro-cap universe now and in the coming months." The fund had $675 million in total assets at the end of March.
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