Chicago-based Perritt Capital Management, a micro-cap boutique investment manager, has changed the name to its Perritt Emerging Opportunities Fund (PREOX) to the Perritt Ultra MicroCap Fund effective immediately.

CIO and portfolio manager Michael Corbett said in a press release that the new name more accurately reflects the fund's exposure to “the most dynamic and least followed small companies listed on the exchanges.”

Perritt Capital currently manages over $400 million in assets in two mutual funds, the Perritt MicroCap Opportunities Fund (PRCGX) and the Perritt Ultra MicroCap Fund.

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