Fund Openings, Closings, Manager Moves: Last Call For Turner Micro-Cap Growth

(TMCGX Quote)Turner Micro-Cap Growth, one of the hottest no-load micro-cap funds, is about to close its doors.

The $198.3 million fund will stop taking money from new investors when its asset level hits $250 million, or on April 3 if it's still under its asset target, according to a Monday announcement.

Launched March 1, 1998, the fund has posted a 200.9% return over the past year. That's better than 95% of its peers according to Morningstar. Not surprisingly, managers Frank Sustersic, Bill McVail, and Chris Perry had about half the portfolio invested in the technology and health care sectors at year-end. ...