My photo
Andrew T. Gillies is Director of Communications at the Center for Audit Quality, an affiliate of the American Institute of CPAs, in Washington, DC. Based in Washington since 2002, he has also worked in editorial and communications roles at the Investment Company Institute, the World Bank, Forbes, and Vault.com. His policy-themed writing has focused on aerospace and defense, energy and environment, transportation, and financial services.

Monday, February 26, 2001

Stock Focus: Opportunities In Mid-Cap Growth

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