Berger Funds of Denver announced that it is revising the investment strategy of the Berger Growth and Income Fund. The fund, which will be renamed the Berger Large Cap Growth Fund, will no longer seek income as part of its investment objective, and will concentrate solely on investment growth within the large cap market, according to the announcement.

"The change to the name and objective of the fund will better position it to take full advantage of large cap growth opportunities in the marketplace today," said Jay Tracey, chief investment officer of Berger. Tracey, who joined Berger in May of this year, is co-manager of the fund with Steve Fossel, who started managing the fund this August, according to Morningstar of Chicago.

The change will take effect January 29, 2001, according to the announcement. The fund has assets of $533 million and has yielded a return of -12.45 percent as of Dec., after a return of 61.3 percent in 1999 and a five-year annualized return of 20.02 percent, according to Morningstar.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.