Arthur Bonnel stepped down June 1 as head of the Bonnel Growth Fund, handing over the reins to Frank Holmes. Now, the $75 million fund is appropriately named Holmes Growth, Investor's Business Daily reports.

The U.S. Global accolade fund will still go after stocks with good revenue and earnings growth, Holmes said, but he will not strictly apply the CAN SLIM-style, because he must "find enough stocks."

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