Shares of Epiq Systems (EPIQ) are up 14 percent year-to-date and will likely head even higher now that the legal software provider has started to address its governance issues, said Lamar Villere, portfolio manager for the Villere Balanced Fund (VILLX) . 'We are not normally activist investors, but in this case we have pushed Epiq to make changes and that is being reflected in the stock,' said Villere. The Villere Balanced Fund is up 3.5 percent thus far in 2016, according to fund-tracker Morningstar. The $429 million fund has returned an average of 5.8 percent annually over the past ten years, outpacing 79 percent of its peers in Morningstar's mid-cap growth category. The trailing 12 month yield for the fund is 90 basis points, according to Morningstar.

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