NEW YORK - "We're slightly overweighted in technology, which is weird given that we were underweighted six months ago," muses Thyra Zerhusen, portfolio manager of the Alleghany/Chicago Trust Talon Fund (CHTTX) , a mid-cap blend fund with $30 million under management.
Despite the weakness in technology, Zerhusen's bet on stocks such as Unisys (nyse: UIS - news - people) and Legato Systems (nasdaq: LGTO - news - people) has helped the fund post a 7% return so far this year versus a 4% decline in the Standard & Poor's MidCap 400 Index.
Like other successful growth investors, Zerhusen keeps an eye on value. On a price-to-earnings basis, this means choosing stocks trading at estimated P/Es that are less than the projected earnings growth.
Full story at Forbes.com