Matt Patsky has investors seeing green, and it's not just because the fund he helps oversee is environmentally sensitive and has a colorful name. The Winslow Green Growth Fund finished well ahead of many of its peers during the second quarter, showing a return of 43.9% during the period, versus a 22.2% return for all 482 small-cap growth funds, according to data from Lipper of New York.

After a rapid decline in value during the second and third quarters of last year, when it fell 18% and 24%, respectively, the fund made a significant adjustment to its philosophy, and the change has paid off. The fund's managers started weeding out stocks that are dependent on a strong economy for growth. The fund has decreased its holdings in economically sensitive areas such as the energy sector, while boosting new growth areas in information and services industries, as well as manufacturing - the fund's top three sector holdings. Initially, the share price buoyed a bit during the fourth quarter and declined slightly in the first quarter. However, it took off beginning in March.

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