The Board of Directors of the Valley Forge Fund last month terminated the fund’s investment advisory agreement with Valley Forge Management Corporation, effective as of October 31.
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The fund, which began trading on March 14, 1972, bets on value stocks. Its lead portfolio manager is Craig Aronhalt, president and portfolio manager with Aronhalt Capital Management. Despite being in business for some 40 years, the fund currently manages some $18 million in assets.