Wasatch Funds closed two more of its small-cap funds, leaving just two of the companys funds open. In contrast, Wells Fargo Funds Management opened a new fund, the Wells Fargo Small Company Value Fund. The fund is sub-advised by Peregrine Capital Management.
The Wasatch Core Growth Fund is closed to new investors. The Wasatch Small Cap Growth Fund, which is already closed to new investors, is now also closed to existing shareholders. Wasatch closed the Small Cap Growth and Small Cap Value funds to new investors last year.