Wasatch Advisors of Salt Lake City will close the $261 million Wasatch Small Cap Value Fund to new investors on May 16 to stem cash inflows of hot money and protect investors, said Eric Bergeson, vice president of marketing at Wasatch. The group announced the fund closing in a May 10 prospectus amendment filing.

"We are trying to protect our performance and feel a strong responsibility to our shareholders," Bergeson said. "We can recognize when hot money is coming into the fund."

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