The $300 million Brazos Micro Cap Fund closed to new investors as of June 4, John McStay Investment Counsel of Dallas, the fund's investment adviser, announced.

"...We feel that by closing it now, the fund will be able to continue investing effectively in micro-cap growth stocks," said John McStay, a founder and managing partner of the fund's advisory firm, in a statement.

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.